Analyse and Synthesise Complex Tax Law Issues - Law Assignment Help

Assignment Task :

Purpose: 

This assignment is designed to assess your level of knowledge of the key topics covered in this unit. 

Unit Learning Outcomes Assessed: 

1. Gain a broad understanding of tax law

2. Demonstrate ability to analyse and synthesise complex tax law issues

3. Demonstrate ability to apply principles of tax law to complex legal problems 

Description: 

Each week students were provided with three tutorial questions of varying degrees of difficulty. These tutorial questions are available in the Tutorial Folder for each week on Blackboard. The Interactive Tutorials are designed to assist students with the process, skills and knowledge to answer the provided tutorial questions. Your task is to answer a selection of tutorial questions for weeks 6 to 10 inclusive and submit these answers in a single document. 

Question 1 

John is a sole trader working in his small business as a carpenter. His brother Paul is mentally disabled, who lives with John and is receiving disability support pension. 

Required: 

Work out John’s invalid tax offset for his brother Paul who is an invalid under the following three scenarios: 

Scenario 1 - John has $120,000 taxable income in the 2018-2019 financial year from his small business. Paul has $4,000 as an adjusted taxable income. 

Scenario 2 - John has adjusted taxable income of $63,000. Paul has adjusted taxable income of $900. 

Scenario 3 - John has an adjusted taxable income of $41,000. Paul was severely sick this year and had zero adjusted taxable income. (Maximum 200 words) 

Question 2  

Oliver wanted to repay his loan of $12,000, which he borrowed from National Australia Bank (NAB). He approached his employer on 4th October 2019 and received $12,000 from him at no interest. On 15th February 2019, Oliver had a performance review with his employer when they told him that he was only required to repay half of the loan as he is a good performing employee. 

Required: 

With reference to the relevant laws, advise Oliver and his employer of the tax consequences of this transaction.  

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