LAW 2471: Taxation Law and Practice Tax Technical Problem Assignment

This assignment solution, prepared by a group of students, provides detailed technical advice on various aspects of Australian taxation law. It addresses key issues such as fringe benefits tax (FBT), including car fringe benefits, meal allowances, expense fringe benefits, and residual fringe benefits, as well as exemptions for work-related items like laptops and mobile phones. The solution also analyzes the income tax regime, comparing salary-based and salary package options, and provides insights into superannuation and PAYG withholding. Furthermore, it tackles the complex issue of tax residency, applying the relevant tests to determine Dr. Holt's residency status, considering factors like physical presence, domicile, and the 183-day rule. The document references relevant legislation and case law, offering a comprehensive analysis of the tax implications for Dr. Holt, and concludes with a summary of important considerations for employees. The assignment follows a structured client letter format, providing clear and concise advice. It is a valuable resource for students studying taxation law, offering practical examples and in-depth analysis of complex tax scenarios.