Law homework help

Law homework help. Submit your Assignment using Word or PDF file format
 The assignment must be lodged online via Learnline Assignment
Lodgement link.
 Assignment lodgements will be acknowledged automatically on the
Learnline site, on submission.
 Citations: The CDU Harvard or AGLC referencing styles may be used, as
long as you choose one style and use it consistently.
 Additional research IS required for this assignment.
 Further questions: Post your questions on the discussion board.
College of Business and Law
UNIVERSITY PLAGIARISM POLICY
Plagiarism is the unacknowledged use of material written or produced by others or a rework
of your own material. All sources of information and ideas used in assignments must be
referenced. This applies whether the information is from a book, journal article, the internet,
or a previous essay you wrote or the assignment of a friend.
Plagiarism policy is available at:http://www.cdu.edu.au/governance/doclibrary/pol-001.pdf
and
Student Breach of Academic Integrity Procedures
http://www.cdu.edu.au/governance/doclibrary/pro-092.pdf.
EXTENSIONS AND LATE LODGEMENTS
Extensions
An Application for Assignment Extension or Special Consideration should be completed and
provided to the Dean, College of Business and Law.
This application form, explanation and instructions is available on the Learnline course site
or direct from
http://learnline.cdu.edu.au/units/lb_school_templates/deployed/assignment_extension.docx
Please note that it is now College policy that all extension requests must be approved by the
Dean. The lecturer is not able to personally approve extension requests.
Leaving a request for an extension, special assessment or special consideration until the last
moment, based on grounds that students could have reasonably been able to foresee, may
result in the application being rejected.
Late lodgement
Late lodgements are subject to a penalty of 5% of assignment marks per day. Partially
completed assignments will be accepted with appropriate loss of marks for the incomplete
portion.
College of Business and Law
Case Study One –
Part A
You are currently working as a graduate accountant and are provided with the following information
from a client. The client, Harry, has the following income and expenses for the financial year ended
30 June 2019. Harry Operates a market stall selling paintings on the weekend and works as an
employee for an Art Gallery during the week.
Income
$
• 50,000 Sales of Paintings
• 10,000 A wedding gift received from his employer
• 10,000 Bonus received from his employer for finalising a sale with a large client
• 150,000 Salary received from his employer (including PAYG Withholding of $25,000)
• 5,000 Interest on Bank Deposits
• 15,000 Lottery win from a weekly lottery
• 45,000 Sale of his personal motor vehicle (he brought the vehicle for $35,000)
• 15,000 Sale of shares (he brought the shares 13 months ago for $5,000)
• 1,000 Received Manager of the year award from the Institute of Managers
Expenses
$
• 4,000 Rent on market stall
• 10,000 Purchase of paintings for market stall
• 2,000 New suit and shoes for work at the Gallery
• 5,000 Bookkeeping fees
• 18,000 Purchase of new photocopier
• 1,400 Cost of meals and entertainment
• 1,200 Train fares for travel to and from work
• 2,200 Rates on family home
• 900 Electricity for family home
• 2,000 Advertising packaging for market stall business
 85 Taxi Fare – from work to home one way after working back and missing his
Train.
• 10,000 Purchase new table and counter for market stall
Harry does not have a spouse or children. Harry does have private health insurance. Harry also
advises you that he had carried forward tax losses from last year of $5,000 relating to his market stall.
In addition to the above Harry advises he does store some of the paintings for the market stall at
home and also works from home.
College of Business and Law
Required:
• Determine which Income and Expenses are assessable income or allowable deductions.
Note you will need to cite legislative references, case law and tax rulings as applicable.
Emphasis is on providing substantiation for you reasoning to include as assessable income or
allowable deduction. Also refer to the relevant item number on the 2019 tax return where the
amount would be disclosed, i.e. (interest income is item 10). An Example format is provided
below.
• Assume Harry is a resident for Australian taxation purposes, calculate his tax liability including
any tax offsets and levies.
EXAMPLE FORMAT
Income
Assessable Particulars Legislation, Case law, Rulings,
Reasoning
Item – 2019 Tax
Return
Y/N
Expenses
Deductible Particulars Legislation, Case law, Rulings,
Reasoning
Item – 2019 Tax
Return
Y/N
Part B
During your meeting with Harry, he advised that he is considering working outside of Australia for an
extended period. Advise Harry on residence issues for Australian taxations purposes. In addition to
referring to the four relevant tests (including reference to relevant cases for each test) ensure you
refer to Harding v Commissioner of Taxation [2019] FCAFC 29. This part of the case study should take
the format of a formal advice to Harry (“IRAC”).
(Part A 15 marks)
(Part B 10 marks)
Word Count: 1,000 – 2000 words
College of Business and Law
Case Study 2
Diamond Co Pty Ltd is a private company which currently operates a Diamond mine on a number of
mineral leases in Western Australia. A new geologist with the company has advised management that
during his university studies he identified the area of land covered by the mineral leases as being a
valuable site to explore for Uranium. Management decides to budget $1 million to prepare a feasibility
study into exploring for Uranium. Management does note that Australia currently has a no new Uranium
mine policy which will need to be lifted before any Uranium mining could commence.
Required:
Discuss with reference to appropriate legislation, case law and/or rulings whether the feasibility expense
will be an immediate deduction for Diamond Co Pty Ltd. Focus should be on whether the Uranium
proposal is a new business or part of Diamond Co Pty Ltd’s current business. Note reference should
be made to Softwood Pulp and Paper Ltd v FCT (1976) 7 ATR 101, ensure to reference other relevant
cases as well. IRAC format should be used to answer this question.
(5 marks)
Word Count: 500 words

Law homework help