Tutorial 9. Please send me answers for these question which are attached.Thanks BLO2206 Taxation Law
Semester 1 - 2016
Why was the expense allowed in
FCT v Finn
(1961) 106 CLR 60 but not fully
FCT v Hatchett
71 ATC 4148?
How does this approach demonstrate the
operation of section 8-1?
Joseph worked for a large IT company developing software.
At the end of a
financial year he was called in by his employer and told he was being made
He was however advised to set up a company and his services would
be utilized through the company as and when required.
He thus set up JIT Pty
Ltd, as a consulting IT business.
Much of his work is for his previous employer.
The business is run from his residential premises in a room set up especially for
the conduct of the business.
The company pays government rates and insurances on the premises, and
contributes toward the heating and lighting costs of the premises from which it
In the first year of operation the company claims these expenses as a
tax deduction. As well, Joseph claims his travel from the company’s premises to
consulting jobs and back as a deduction.
Explain the correctness of the company and Joseph in deducting these expenses.
What is the effect of the following transactions on the tax position of ABC Pty
You can assume all transactions occurred in the current financial year.
$ Amount involved
Purchased new motor vehicle on 1 July
Purchased trading stock
Revalued land and offices on site from which business
Acquired land to expand factory
Sold case of wine in November, purchased for
$24,000 as an investment in February 1990.
Made allowance for annual leave to be paid to staff for
Provided new motor vehicle to Managing Director,
estimated to travel 20,000 kilometres per year.
Gave to each staff member one piece of furniture
valued at no more than $200.
Received fully franked dividend.
For the tax year ended 30 June 2013 Paul Berger, who is a self-employed
physiotherapist, incurred the following expenses on his professional rooms,
which he had acquired in July 2003:
This question was answered on: Sep 21, 2023
This attachment is locked
Our expert Writers have done this assignment before, you can reorder for a fresh, original and plagiarism-free copy and it will be redone much faster (Deadline assured. Flexible pricing. TurnItIn Report provided)
Sep 21, 2023EXPERT
We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.
You can also use these solutions: