TLAW603 - Investment of Artificial Structures - Artificial Structure Case Study - Implications of the Possible Tax - Law Assignment Help

Assignment Task:

1. Georgina George is planning to invest $1 000 000 into an investment that promises no tax whatsoever.
2. Georgina is concerned that the investment makes use of artificial structures to achieve an effective tax rate of zero percent.
3. Advise Georgina of any possible tax implications that might be faced should her concerns turn out to be real.
4. Calculate Pipers income tax liability for the CIY.
5. Critically discuss the income tax treatment of any business income in the above case study.
6. Critically discuss how the different types of self-education expenses might be classified.
7. This question comprises of the evaluation of the group work. 
8. Group work will be assessed by consider. 

TLAW603: Other information

• The firm is registered for Australian GST. All amounts here above exclude GST.
• Piper prefers to use the prime cost method of depreciation.
• David earned 110 000 AUD as a full-time lecturer for the CIY.
• Piper received a salary of 95 000 AUD from the law firm for the CIY.
• Both Piper and David have a 50% ownership of the printer.

TLAW603: PIPER CHAPMAN 

• Please note: the current income year (“CIY”) is the 2018/19 income year.
• Piper (aged 40) is married to David (aged 45), and they have no children.
• Piper and David immigrated to Australia on 31 April 2016 on a permanent residence visa and have both subsequently registered for Medicare.
• Only Piper has private health insurance for the current income year (“CIY”) from Croo-Ku, which has a $700 excess. 
• Piper is a guest lecturer at Bo-tom University (BU) and volunteers at the local WA (a non-profit) providing free legal advice.
• Her salary from Bo-tom totalled $43,500. Due to a computer glitch, Piper was not paid $1,000 for lectures that she gave in the previous tax year.
• The salary that she received in the CIY includes the $1,000. PAYG (withholding) of $3,400 was deducted from the total salary, of which $300 related to the glitch from the previous year.
• The WA gave her four tickets to the Nouveau Opera Theatre valued at $800 as a once-off, unexpected Christmas gift.

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