Taxation Law Assignment: Assessing Fiona's Income and Liabilities

This assignment solution addresses a taxation law case study involving Fiona, an individual with international connections and various sources of income and assets. The analysis determines Fiona's residency status in Australia, considering her time spent in the country and her intentions. It examines the tax implications of her income, including salary, bonuses, and payments received upon joining and leaving a company. The solution also assesses the tax treatment of her capital gains from the sale of shares, overseas and domestic properties, and rental income from an overseas property. The assignment applies relevant sections of the ITAA 1936 and ITAA 1997, along with case law, to determine Fiona's assessable income, including ordinary and statutory income, and calculates the CGT implications, considering pre-CGT assets and CGT discounts. The solution also covers fringe benefits and the taxability of various payments, providing a detailed computation of Fiona's assessable income for the year ended 2018/19.