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PERTH 1 Krystal Waters is a single resident taxpayer who is employed as a barista by Duo Tone Caf. Krystal also holds investments including shares
PERTH 1 Krystal Waters is a single resident taxpayer who is employed as a barista by Duo Tone Caf. Krystal also holds investments including shares and real estate and has provided details of transactions that she believes relate to the 2023 income year. You are required to provide the following information to assist with the preparation of Krystal's 2023 income tax return: PART A Calculate Krystal's Net Capital Gain. Identify the relevant section reference for any exemption or exclusion. Clearly outline all steps in the calculation. PART B Calculate Krystal's Assessable Income. Identify the relevant section reference for each inclusion or exclusion. Clearly show all necessary workings. PART C Calculate Krystal's Allowable Deductions. Identify the relevant section references for each inclusion or exclusion. Clearly show all workings. Apply any available alternatives to obtain the maximum deduction available. PART D Calculate Krystal's net tax payable or refund due. Clearly show all workings
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