HI6028 Taxation Law Assignment: GST, CGT and Tax Implications

This assignment provides a comprehensive analysis of Australian taxation law, specifically focusing on Goods and Services Tax (GST) and Capital Gains Tax (CGT). The first part of the assignment addresses the identification of GST consequences, examining the application of GST to various transactions, including the purchase of land, construction materials, and legal services. It delves into the eligibility for input tax credits, the requirements for registered dealers, and the reverse charge mechanism. The second part of the assignment advises Emma on the CGT consequences of her transactions, calculating the capital gains or losses from the sale of land, shares, a stamp collection, and a piano. It considers the acquisition dates, sale values, expenses, and relevant tax implications for each asset, applying the discounting method where applicable. The assignment demonstrates a clear understanding of tax principles and their application to real-life scenarios, making it a valuable resource for students studying taxation law.