please explain the law, i dont want just answer , i need full law to be explained in own words..

M Re: Individual assignm treatment of pre-paid X Yecentennial - Yahoo Inx Homepage - Centennix Submission History - X New Tab tax (1) e mail.google.com/mail/u/0/#search/Re%3A+Individual assignment+(2+copies)/FMfcgxwHNWVtHVISZDLklvZPOq00xSGg projector-1&messagePartld-0.1 !!! Apps Content tools US GOP Current Sta... The Current Federal.. https//freelancer.o. E Open with Google Docs PFH16028 Individual Assignment T12020(1) (3).pdf QUESTION 1- (15 MARKS) John has applied and been approved a licence to operate a casino in Melbourne, which later on he named it The Casino East. John has received 10-year licence from Victorian Government to operate the casino. He also received approval for Casino's building for a long period of time (90 years). John was instructed by the relevant Government agency to pay $180 million for the approved casino's licence and $80 million as prepaid rent covering the first 10 years of casino's rental. John has negotiated to pay $400,000 rental per year for the remaining 80 years of the lease. With reference to relevant legislation and case law discuss whether casinos prepaid rent is considered a revenue expense or a capital expense. Page 3 / 5 + WhatsApp Image...jpeg Show all X Type here to search O AD ENG 4:36 PM IN 2020-05-23 M Re: Individual assignme x treatment of pre-paid X Yecentennial - Yahoo Inx Homepage - Centennix Submission History - X New Tab tax (1) e mail.google.com/mail/u/0/#search/Re%3A+Individual+assignment+(2+ copies)/EMfcgxwHNWtHVISZDLklvZPOq00xSGg?projector-1&messagePartld-0.1 !!! Apps Content Tools US GOP Current Sta... & The Current Federal.. > https//freelancer lo... e PF HI6028 Individual Assignment T12020(1) (3).pdf Open with Google Docs QUESTION 2 - (10 MARKS) Alex Kingsford is a mechanical engineer working for ABC Engineering in Melbourne. Alex owns a property in Dandenong, Victorian where he and his family are residing. He also runs a home- based food catering business, preparing food for local residents and school canteens. Catering business is well-structured. Alex works 15 days a month and earns a substantial income from the catering services business. He is travelling from ABC Engineering workshop to his home- based business by car or sometimes Uber. When he lodged his tax return in July 2019, he has H16028 Taxation Theory, Practice and Law Individual Assignment T1.2020 3 Page 35 - + WhatsApp Image.jpeg Show all X Type here to search O AD ENG 4:36 PM IN 2020-05-23 M Re: Individual assignme X treatment of pre-paid X Wecentennial - Yahoo In x Homepage - Centennix Submission History - X New Tab X c tax (1) mail.google.com/mail/u/0/#search/Re%3A+Individual assignment+(2+copies)/FMfcgxwHNWVtHVISZDLklvZPOq00xSGg projector-1&messagePartld-0.1 !!! Apps Content Tools US GOP Current Sta... The Current Federal. httpsy/freelancer.o. e PFH16028 Individual Assignment T12020(1) (3).pdf Open with Google Docs requested a deduction for a substantial amount of travelling expenses between the ABC Engineering workshop and home-based food business. Alex is now seeking your advice. With reference to relevant legislation and case law discuss whether Alex's travelling expenses between the ABC Engineering workshop and his home- based catering business is an allowable deduction. Assignment Structure should be as the following (students' responses involves calculations, and students must refer to the relevant legislation and/or cases whenever required according to the questions). Marking criteria - Q + Page 4 / 5 Markina criteria Weighting WhatsApp Image.jpeg Show all X Type here to search O EH ENG 4:36 PM IN 2020-05-23 19