I had a meeting today with a new client Dr. Jessica Pearson. She's a cardiologist at a heart specialist center, HealthyHeart Pty Ltd, in Adelaide CBD. The CFO of HealthyHeart Pty Ltd has recently resigned, and Jessica is currently filling in the role as acng CFO. However, she has very limited knowledge about tax law, and is seeking our advice on the tax implications of the following situations. HealthyHeart Pty Ltd has recently signed up to a Federal Government program that involves training nurses in cardiac procedures. The specialist center is receiving $45,000 a year from the Federal Government per nurse - there are currently eight nurses. HealthyHeart Pty Ltd has started a new program this year, under which the hospital is offering a $50,000 (per year) scholarship to one specialist doctor per year, to undergo Vocational Training in Surgery at University. The scholarship conditons require the scholarship recipient to work as a surgeon exclusively at HealthyHeart Pty Ltd for a minimum of 5 years after completion of the training. This year, Dr. Louis Lit has won the scholarship. Louis has contacted Jessica to tell her how ecstatic he is about this scholarship. He also wants to understand whether there will be any tax consequences resulting from the $50,000 he receives this year as part of the scholarship. Jessica had a registrar called Rachel Zane. Rachel was so good in her job, that Jessica has recently offered her a permanent position as a cardiac doctor at HealthyHeart Pty Ltd. Rachel lives an hour away from the specialist centre. HealthyHeart Pty Ltd has purchased a car valued at $75,000 (GST included) on 14th September 2022 from a GST-registered car dealer, and provided the car to Rachel on the same day. Rachel uses the car for travelling between home and work as well as for personal use. During the period in use, the car incurred operang costs of $12,000 (this includes running costs, insurance and registraon). Rachel has maintained log-book records, suggesng that 42% of the car is used for work purposes, while the remaining is for personal use. Jessica is interested to know the tax consequences relevant to this car for both HealthyHeart Pty Ltd and for Rachel. Jessica wants to give $10,000 to her long-term secretary, Ms Donna, who is rering this month. I understand that they have worked together for a number of years and that she has been a great personal friend of Jessica. The payment is intended to be a thank you for her loyal friendship. This is highly unusual as she has never previously given a non-performance related bonus to an employee. Jessica wonders whether this payment, that she is paying from her personal account, will constute an assessable income for Ms Donna? Jessica is also seeking some advice from our firm regarding her personal finances and implicaons of certain receipts and payments on her individual income tax. Jessica is married, with no children. She has had private health insurance during the tax year ending 30 June, 2023. Jessica has an annual income of $630,000 from working at HealthyHeart Pty Ltd. Included in this income is PayG withholding of $20,000 per month. Jessica wants to understand the tax implicaons of these. Jessica is also currently licencing a procedure she developed to GlobHeartz Ltd. for a fixed fee (royales) of $10,000 per month, GlobHeartz then licences the right to use the procedure to several hospitals. She is interested to know how these payments might be assessed. Jessica has recently sold her family home in Norwood. She had bought this house on 1 February 2001 for $800,000 and sold it for $2 million on 1 February 2023. She has lived in this home connuously except for the period between 1 July 2003 and 1 July 2010, where the property was leased to tenants whist, she was working at Harvard Medical School. Jessica is interested to know the tax consequences of this sale. While working in USA, Jessica had opened a savings account at a bank in USA. She earns an annual interest of $10,000 (AUD) from this savings account. The amount is net of foreign tax withheld of $2,000. Jessica is unsure whether she will have any tax liabilies arising from this in Australia? Jessica also has two investment properes - one in Adelaide and another in New York. She earns monthly rental of $800 from the property in Adelaide, and monthly rental of $1,000 (AUD) from the property in New York. She wants to understand the tax implicaons of both of these properes. Jessica has accepted a new job in the UK. She will resign from her job at HealthyHeart Pty Ltd, effecve 1 July 2023, and move permanently to the UK with her husband. She has already sold her family house. She is contemplang on selling the investment property in Adelaide, in the tax year 2024. The property was purchased on 9 March 2007, for $520,000. She has recently had the property valued, and the current market value is $840,000. She would like to know the tax consequences of - a) selling the property (assuming she can sell it for the current value) before she moves overseas; and b) connuing renng out this property while she moves overseas permanently with her husband. Jessica was taken by surprise when it was menoned that aer she moves overseas permanently, she may sll have to pay taxes in Australia. She is keen for a list of items that are most likely to be included in her assessable income for Australian tax purposes for the tax year 2024, once she has permanently moved overseas and ceases being an Australian resident for tax purposes. Could you please prepare a leter of advice for me to send to Jessica explaining any tax consequences in relaon to the above maters? In addion to the tax consequences, Jessica has also requested an esmaon of her income tax payable f or t he t ax y ear e nding 3 0 J une, 2 023. S he has k ept i nvoices f or $7,500 of w ork-related expenses that can be claimed as general deducons. Give the answer based on Australian Tax law and provide the answer as the following format: Issue, relevant law and case laws, application of laws to the scenario and conclusion for each scenario.