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Olivia Pope is an Australian resident. She works full-time as a lawyer for Grant & Associates, in Brisbane. Olivia lives in a four-bedroom house in
Olivia Pope is an Australian resident. She works full-time as a lawyer for Grant & Associates, in Brisbane. Olivia lives in a four-bedroom house in Paddington with her husband of fifteen years, Fitz (Fitzgerald), and their two children, Huck, aged eleven and Quinn, aged nine. Olivia and Fitz purchased this property in joint names in December 2016 for $800,000 and have lived there with their children since that date. As such, they regard this property as their main residence. Olivia has various investments, including shares in listed Australian and foreign companies and a rental property which was bought in her own name during the 2007 income year. Last year, Olivia utilised the services of a local tax agent in Paddington. However, she was dissatisfied with their service and has approached your group to assist her in preparing her 2023 income tax return using Access's HandiTax software program. Olivia has supplied your group with the following information relating to her personal income tax affairs for the year ended 30 June 2023. However, not being a tax expert, she is not certain whether everything she has supplied your group with is necessarily assessable or deductible. Accordingly, she asks your group to carefully
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