Taxation Law

Running head: TAXATION LAW
Taxation Law
Name of the Student
Name of the University
Authors Note
Course ID

TAXATION LAW1
Table of Contents
Answer to question 1:.................................................................................................................3
Answer A:..............................................................................................................................3
Answer B:...............................................................................................................................3
Answer C:...............................................................................................................................3
Answer D:..............................................................................................................................3
Answer E:...............................................................................................................................4
Answer F:...............................................................................................................................4
Answer G:..............................................................................................................................4
Answer H:..............................................................................................................................5
Answer I:................................................................................................................................5
Answer to question 2:.................................................................................................................5
Answer to A:..........................................................................................................................5
Answer to B:..........................................................................................................................6
Answer to C:..........................................................................................................................6
Answer to D:..........................................................................................................................7
Answer to E:...........................................................................................................................7
Answer to question 3:.................................................................................................................8
Answer A:..............................................................................................................................8
Answer B:...............................................................................................................................8
Answer C:...............................................................................................................................9

TAXATION LAW2
Answer D:............................................................................................................................10
Answer to question 4:...............................................................................................................10
Answer A:............................................................................................................................10
Answer B:.............................................................................................................................11
Answer C:.............................................................................................................................11
Answer D:............................................................................................................................12
Answer E:.............................................................................................................................12
Answer to question 5:...............................................................................................................12
Issues:...................................................................................................................................12
Laws:....................................................................................................................................13
Application:..........................................................................................................................14
Conclusion:..........................................................................................................................15
References:...............................................................................................................................16

TAXATION LAW3
Answer to question 1:
Answer A:
Under the Taxation Ruling of TR 2018/14 the topic relating to a depreciating assets
effective life has been discussed within the legislation of “section 40-100, ITAA 1997”.
Answer B:
Details regarding the availability of the tax offset has been given under the “Division
13 of the ITAA 1997”1.
Answer C:
According to the ATO the highest amount of tax rate that is applied on the resident
tax payer for the year 2018-19 includes 54,097 + 45c for each $1 above $180,000.
Answer D:
“Section 108-20 (2)” defines the private use asset as something that is used for
private use satisfaction exclusive of the land and building. Any kind of capital gains that are
made from the private use asset that is bought for $10,000 or less must be disregarded under
the “section 118-10 (3), ITAA 1997”.
Answer E:
Under the “section 104-15 (1) of the ITAA 1997” the CGT events B1 happens when
a taxpayer enters into the covenant with the another entity on the conditions which includes2;
1 Gordon, Roger H. "The Rise of the Value-Added Tax. Cambridge Tax Law series." (2016):
243-246.
2 Lang, Michael, et al., eds. Introduction to European tax law on direct taxation. Linde
Verlag GmbH, 2018.