Swifty Taylor is an Australian Citizen - Revenue Law Assignment Help

Assignment Task

Swifty Taylor is an Australian citizen. She is single. She moved to the USA to take up a 2-year secondment with Century 21, in New York City. As a highly successful real estate agent she has been offered a temporary US work visa. You have become friends with her after providing conveyancing on numerous sales transactions for her firm.

Swifty knows that you studied some Australian tax while completing your conveyancing certificate. She would like some tax advice and provides the following information.

• As she was uncertain about the length of her stay in the USA, Swifty stored her furniture and appliances at her parents’ home, rented out her Sydney townhouse and sold her car. She retained her bank account.

• For the period 1 July 2018 up to departure on 29 December 2018, Swifty earned wage and commission income of A$ 60,000

• Other Australian income received:

o Sold Australian shares (held for 2 years) at a profit of A$1,200 on 1 May 2019

o Earned A$600 interest income from a savings account.

• From 1 January 2019 her Sydney home was rented out for A$ 200 weekly profit (after expenses)
• She held Private Health Insurance but suspended the policy on 29 December 2018
• She has a HECS debt with a balance of A$ 20,000 on 30 June 2019
• From 2 January 2019 to 30 June 2019, income received in the USA included:
o US$ 90,000 wages and commissions
o US$ 200 interest income from an American savings account

Swifty has made a lot of friends in NYC and enjoys the activities of the Big Apple. She loves the lifestyle and considers extending her contract beyond 2 years.

In light of your studies of modules 1 to 5, identify, analyze and comment on all relevant tax issues for financial years 2018-19 and 2019-20 (if any), supporting them from appropriate legislation, case law decisions, tax rulings and independent research.

Additional information:
- Referencing of your support, citations and research is required
- Bibliography or reference list is NOT required
- To avoid high Turnitin similarity score, do not copy/paste or repeat the question details in your writing
- Refer to the academic policy on plagiarism, late submissions, penalties and special considerations 

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