Synthesise Complex Tax Law Issues - Legal Problems - Taxation Assignment Help

Assignment Task :

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

Assignment word limit: 1000 words (acceptable to be 10% above or below this word limit). 

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 from weeks 1 to 5 inclusive and submit these answers in a single document. 

The questions to be answered are: 

Week 1 Question  

Alex is resident of the UK for tax purposes. He lives in Australia and had $90,000 assessable income from Australian sources in 2019/2020. He does not have any allowable deductions.

Required: 

a- What is Alex’s taxable income?

b- Calculate Alex’s tax payable. 

Week 2 Question  

Anna is a fitness consultant operating as a sole trader. Anna recently completed two fitness contracts for two of her clients. 

• In her first contract, Anna provided a 10-hour fitness training course to her client, Sam. Anna charged 
• $1,000 for her fitness training course. This included fitness training materials that cost Anna $100. 
• In her second contract, Anna provided fitness video tutorials for a client, Lilly. Anna charged $1,000 in total. This included $200 to cover the cost of the video recording materials. 
• With reference to the relevant legislation and/or case law, discuss whether or not these receipts are Anna’s income from personal services. 

Week 3 Question 

Alex is a musician who is also interested in collecting old golden gramophones. He is not collecting these old golden gramophones for business purposes. On 20 February 2020, Alex sold one of these old golden gramophones for $3,000. The gramophone cost him $500 when he acquired it on 1 June 2000. With reference to the relevant legislation, discuss Alex’s net capital gain or net capital loss for the year ended 30 June. 

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