Reference no: EM13339536
Part A
Explain why the payment to the taxpayer in FCT v Dixon (1952) 86 CLR 540 was assessable income but the payment in Scott v FCT (1966) 117 CLR 514 was not.
In your answer you should include (but not necessarily be limited to) the following:
i) A brief statement in your own words of the facts of the cases.
ii) Identify the issues raised and the relevant legislation in the context of ITAA97.
iii) Identify any cases and other sources of information relevant to the issues and legislation.
iv) Apply the law to the facts stating clearly why one taxpayer was assessable and the other was not.
Part B
Nigel is a professional percussionist and performs with a number of bands and orchestras. In order to practice, he set aside a special room in his house that is soundproof and contains a variety of electronic sound equipment. The room is used only for practice or performance related purposes. He pays council rates, interest on the house mortgage, repairs and maintenance telephone and electricity expenses in connection with the house. He believes he should be able to claim tax deductions for all these costs together with depreciation on the room and equipment.
Explain the tax position to Nigel. In you answer you should:
i) Identify the tax issues that are raised and the relevant sections of the legislation.
ii) Identify any cases and other sources of law or information that apply.
iii) Apply the law to the facts.
iv) Express a conclusion in regard to the issues identified and indicate any other information required.
Completeness of data and information source quality
: Completeness of data and information source quality.
|
What is the height of the inclined plane
: A uniform solid disk of radius 1.60 m and mass 2.30 kg rolls without slipping to the bottom of an inclined plane. what is the height of the inclined plane
|
What would be the cost per kg of the fabricated uo2 fuel
: For reference LWR: thermal efficiency is 33%, power 1150 MWe, 92% CF, uranium is $46/lb. U3O8, SWU is $114/kgSWU, conversion is $12/kgU, fabrication and transportation cost $295/kgU, losses in fabrication 0.12%
|
Where is the main ssh server configuration file located
: Where is the main SSH server configuration file located and what is its name?
|
Identify the issues raised and the relevant legislation
: Identify the tax issues that are raised and the relevant sections of the legislation and identify any cases and other sources of law or information that apply.
|
What is the maximum possible growth rate for archimedes
: Abbreviated financial statements for Archimedes Levers are shown in the table below. Assume sales increase by 14% in 2014 and all other items, including debt, increase correspondingly.
|
Describe how a light water commercial nuclear reactor works
: Describe how a light water commercial nuclear reactor works. Include a diagram and talk about the role of each of the following factors; fuel, moderator, control rods, coolant, reactor vessel, shielding.
|
Writing a horse racing program that uses structures
: Writing a horse racing program that uses structures. I have no errors that i can find, but I am getting a floating exception (core dumped). I have tried different versions of the code and am still getting that error when i run it or a segmentation..
|
How is plutonium produced in a commercial nuclear reactor
: How is plutonium produced in a commercial nuclear reactor. Diagram the process involved. What is plutonium used for. Why is it easier to separate plutonium from spent fuel than to separate U-235 from U-238.
|