logo

TAXATION, THEORY, PRACTICE AND LAW

9 Pages2331 Words191 Views
   

Added on  2019-09-22

TAXATION, THEORY, PRACTICE AND LAW

   Added on 2019-09-22

ShareRelated Documents
qwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmrtyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmrtyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmrtyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmrtyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmrtyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmrtyuiopasdfghjklzxcvbnmqwertTAXATION, THEORY,PRACTICE AND LAW
TAXATION, THEORY, PRACTICE AND LAW_1
Table of ContentsAbstract............................................................................................................................................................3Introduction......................................................................................................................................................4Body of Assignment..........................................................................................................................................4Answer 1.......................................................................................................................................................5Sale of Impressionism Paintings...................................................................................................................5Sale of Historical Sculpture...........................................................................................................................5Sale of Jewellery...........................................................................................................................................6Sale of Picture...............................................................................................................................................6Answer 2...........................................................................................................................................................6Tax implication when Income is from Barbara’s Self Exertion......................................................................6Stanton vs. FCT.........................................................................................................................................7Tax Implication when Barbara sells its copyright to Eco Book......................................................................7McCauley vs. FCT......................................................................................................................................7Answer 3.......................................................................................................................................................8Barry and Lorraine Vs his son (Murry Berghan)........................................................................................8References........................................................................................................................................................9
TAXATION, THEORY, PRACTICE AND LAW_2
Abstract In this paper, we are going to discuss the effect of different provision of taxation ondifferent types of income as per the Australian law for personal income. Generally, thereare three types of income, which includes Business income, Personal income and capitalgain income. Income tax is payable on the income. The tax rate on the income isdepending on the type of income and also in case of personal income, the tax rate isdepending on your income. Generally, Income tax rate would be higher on higher incomeand lower on lower income. Here, we are going to discuss the provisions relating to Capitalgain, taxability of Royalty income and Loan to family members. We are also going todiscuss case study relating to royalty income and loan to family member.
TAXATION, THEORY, PRACTICE AND LAW_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Resident Campus: Assessment Title
|4
|1212
|37

Australian Tax Law - Income Deduction, FBT, GST, CGT, Anti-Avoidance Provisions and Income Administration
|13
|2820
|137

Question Answer | TAXATION LAW
|10
|1431
|8

Taxation Law: Capital Gains and Deductions
|10
|2626
|21

LAW 79017 - Small Business Taxation Law
|6
|930
|48

Case Study on Taxation Law Australia 2022
|10
|2771
|12