This document provides information about assessable income, fringe benefits tax, net capital gain, and income tax deductions in taxation. It includes calculations and deductions available to Michael for the year ending June 2019. The document covers topics such as assessable income, rental income, capital gain, fringe benefits tax, interest free loan, benchmark interest rate, net capital gain, and income tax deductions.

Discover taxation concepts like assessable income, fringe benefits tax, net capital gain, and income tax deductions for Michael's year ending June 2019.

Understanding Taxation: A Comprehensive Guide to Assessable Income, Fringe Benefits Tax, Net Capital Gain, and Maximizing Income

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(i) Assessable Income of Partnership Statement presenting assessable income of the partnership for the income year 30th June 2019 Particular Amount in $ Business Income (working note: 1) 378100 Interest income 60000 Rental Income (Rental income – Rental expense) (51000) Capital Gain (working note : 2) 37500 Total Assessable Income 424600 Note: As the land has been held for more than one year, 50% of CGT Assessment discount will be available and half

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This study material covers the concept of assessable income and allowable deductions under Taxation Law. It explains the taxation of compensation payments and legal fees. It also provides expert recommendations on the same. The content is relevant for Taxation Law students.

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This article provides a detailed computation of income tax for the assessment year 2018, including deductions and allowances. It covers income from employment, capital gains, rent, and dividends, as well as expenses connected to income and benefits from employers. The article also discusses rental property, losses and gains on CGT, and allowable and non-allowable expenses.

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its a case study, can I get all reference in the footnote

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ESSAY ON ISSUE ARISING ON RENTAL INCOME TAX Students' Name Course Title Instructor’s Name Institutional Affiliation City and State Date of Submission Rental properties 2017 Act and Australian Tax Office regulations are set to guide on when and how rental income is assessed and recognized as well as its provisions on when rental income allowable deductions are applicable. Australian Tax Office requires that any amount earned as rental income or relating to the rental property should all be included as taxable income and further filed as rental income tax return

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This document provides a detailed explanation of how to calculate Total Assessable Income, Taxable Income, Tax Liability, Student loan (HECS), Medicare Levy, and Medicare Levy Surcharge. It includes working notes and deductions.

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