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Required (Total 20 marks) (a) Advise James Bond on the income tax consequences of the above activities for the year ending 30 June 2018, by

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Required (Total 20 marks) (a) Advise James Bond on the income tax consequences of the above activities for the year ending 30 June 2018, by applying legislation and case law to support your answer. (14 marks) (b) Calculate James Bond's tax liability for the year ending 30 June 2018, by applying legislation and case law to support your answer. (6 marks)

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