LAWS20060 TAXATION LAW OF AUSTRALIA INDIVIDUAL ASSIGNMENT TERM 1

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QUESTION 1

c) What is the top tax rate applicable to a resident taxpayer in the 2018/19 tax year?  (1 mark)

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  1. QUESTION 4 Various taxpayers receive the following during the 2018/19 income tax year:
  2. Question 5 (15 marks) Maurice is an individual tax resident of Australia for tax purposes. He has the following assets….
  3. QUESTION 1 b) Which Division of the Income Tax Assessment Act 1997 details available tax offsets? 1 mark
  4. Question 3 (15 marks) Indianna is a resident individual taxpayer. She owns 22 hectares of land…
  5. h) Explain in your own words the difference between marginal rate of tax and average rate of tax? 5 marks
  6. QUESTION 3. 8 Discuss the CGT implications of the following. Where the year is not mentioned, assume the current tax year….
  7. QUESTION 3. 14 Discuss the CGT implications of the following. Where the year is not mentioned, assume the current tax year…..
  8. Question 2 (4 points) Briefly explain whether the following are ordinary or statutory income for the taxpayer (1 mark each)

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