Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Taxation Expert

Assignment:

Part A: Describe why the payment to the taxpayer in FCT v Dixon (1952) 86 CLR 540 was assessable income however the payment in Scott v FCT (1966) 117 CLR 514 was not.

In your answer you must comprise (but not essentially be limited to) the following:

a) A brief statement in your own words of the facts of the cases.
b) Recognize the issues raised and the relevant legislation in the context of ITAA97.
c) Identify any cases and other sources of information relevant to the issues and legislation.
d) Apply the law to the facts stating evidently why one taxpayer was assessable and the other was not.

Part B: Nigel is a professional percussionist and performs with a number of bands and orchestras. In order to practice, he set aside a special room in his house which is sound-proof and consists of a variety of electronic sound equipment. The room is only used for practice or performance related purposes. He pays council rates, interest on the house mortgage, repairs and maintenance, electricity and telephone expenses in connection with the house. He believes he should be capable to claim tax deductions for all such costs together with depreciation on the room and equipment.

Elucidate the tax position to Nigel. In you answer you should:

a) Identify the tax issues that are raised and the relevant sections of the legislation.
b) Identify any cases and other sources of law or information that apply.
c) Apply the law to the facts.
d) Express a conclusion in regard to the issues identified and point out any other information required.

Taxation, Accounting

  • Category:- Taxation
  • Reference No.:- M915

Have any Question? 


Related Questions in Taxation

Tax1 an s corporation cannot incur a tax liability at the

Tax 1. An S corporation cannot incur a tax liability at the corporation level. a. True b. False 2. S corporation status allows shareholders to realize tax benefits from corporate losses immediately (assuming sufficient s ...

Assignmenttax form problem devon bishop age 40 is single he

Assignment Tax Form Problem Devon Bishop, age 40, is single. He lives at 1507 Rose Lane Devon Bishop, age 40, is single. He lives at 1507 Rose Lane, Albuquerque, NM 87131. His Social Security number is 111-11-1111. Devon ...

Assignment tax issues associated with financial

Assignment: Tax Issues Associated with Financial Planning Understanding the tax consequences of your financial planning decisions is very important. These decisions may sometimes have life-long consequences in addition t ...

Assigmn a letter to the board of directorsdecisions

Assigmn: A Letter to the Board of Directors Decisions involving capital expenditures often require managers to weight the costs and benefits of different options related to the same goal or project. For instance, decidin ...

Assignmentsuppose you are a cpa and you have a corporate

Assignment Suppose you are a CPA, and you have a corporate client that has been operating for several years. The company is considering expansion through reorganizations. The company currently has two subsidiaries acquir ...

Assignmentuse the following information to complete armando

Assignment Use the following information to complete Armando and Lourdes Gonzales's 2015 federal income tax return. You will need the following forms and schedules: Form 1040, Schedule A, Schedule B, Schedule C, Schedule ...

Accounting taxa1 organize an outline that lists the

Accounting TAX A 1. Organize an outline that lists the advantages and disadvantages of making a consolidated return election. Include at least five advantages and five disadvantages of making the election.?2. From a proc ...

Assignment tax-planning client letter on irrevocable trusts

Assignment: Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax Suppose you are a CPA, and your client has requested advice regarding establishing an irrevocable trust for his two grandchildren. He ...

Tax research problem grayling companyi need to do a tax

TAX RESEARCH PROBLEM (Grayling Company) I need to do a tax research problem in the following way: Complete tax research on assigned tax problem utilizing the following tax research methodology, and communicate such in a ...

Words limit 3200-3500 words countquestion 1 10

Words Limit: 3200-3500 Words count Question 1 (10 Marks)   Your client is an investor and antique collector. You have ascertained that she is not carrying on a business. Your client provides the following information of ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen