Brad, aged 60, has owned the local landscape supplies business in his own name since 1990. The business has an annual turnover of $1 million. He has decided to retire at the end of the 2021 financial year and sells his business for $1.5 million to fund his retirement. Which Small Business CGT Concessions does Brad qualify for and why, and what is the outcome for qualifying for the Small Business CGT Concession?

Alex, an Australian resident aged 15, received gross wage of $4,500 with $350 PAYG withheld. Alex did not have any other income or deductions and does not use the service of a registered tax agent. Is Alex required to lodge a tax return, and if so, why?

Samuel has applied to, and received back from, the ATO information regarding how the tax law applies to his circumstances. The information Samuel receives is binding on the ATO if Samuel enters into the tax arrangement described in the information. Explain what type of information Samuel has received from the ATO.

Jenny does not agree with a decision made by the ATO regarding her tax affairs and an objection lodged with the ATO has been disallowed. What action can be taken by Jenny if she disagrees with the decision made by ATO?