Have you enjoyed your voyage through the australian taxation

Assignment Help Taxation

Reference no: EM133051557

CLWM4100 Taxation Law - Kaplan Business School

Tax Administration, Tax Rulings and Tax planning, avoidance and evasion

Pre - workshop questions

Question 1
What is the role of the ATO?

Question 2
What are your options if you are unhappy with an ATO decision about your tax affairs?

Question 3
Explain the objection, appeals and review process

workshop questions

Question 1
For each of the following arrangements, nominate whether it is an example of tax planning, tax avoidance or tax evasion with a brief explanation for each.

a) Sid and his wife Lily decide to buy a negatively geared investment property solely in Sid's name to obtain the maximum tax benefit from the property

b) Andrew operates a retail bottled drinks business. He calculates his closing stock based on 12,000 bottles when he actually has 18,000 bottles

Question 2

Rights and duties of tax agents

For each of the following, indicate whether the individuals concerned have committed an offence. Where an offence has been committed, state the relevant section of the Income Tax Administration Act that they have breached.

a) Rick, a second year accounting student has charged various friends and acquaintances a $60 fee to prepare their individual income tax returns.

b) Matt, an accounting graduate, obtains two free personal training sessions with Arnie, his trainer, in return for preparing Arnie's income tax return.

c) Nicola conducts business as a contract bookkeeper. She charges her clients a fee for preparing monthly financial accounts. Nicola also prepares their income tax returns, but does not charge a fee for this. Nicola advertises in the local paper that her services include income tax advice and preparation.

d) Avril, a registered tax agent, employs Mike to assist her in preparing her clients' income tax returns. When Mike is hospitalised for three months following a skiing accident, Avril begins to fall behind with her lodgements. To overcome this, Avril subcontracts several of her clients to Dan, a registered tax agent who operates from an adjoining office, and also to Jasmine, a former employee who now operates a bookkeeping service.

After workshop questions

Question 1
Explain the function of the following sections of the ITAA36
• s171
• s173
• s177

Question 2
Have you enjoyed your voyage through the Australian taxation system?

Attachment:- Tax Administration.rar

Reference no: EM133051557

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