TAX RULING ASSESSMENT

The purpose of the Assessment is to demonstrate an understanding of:

Income from Personal Services

Business Income

General deductions

Taxation Administration

The following TRs have been selected from the recent public rulings. Students are required to attempt both rulings:

TR 2019/1 http://www6.austlii.edu.au/au/other/rulings/ato/ATOTR/2019/TR20191.html

TR 2022/3 https://www8.austlii.edu.au/au/other/rulings/ato/ATOTR/2022/TR20223.html

This form of question requires students to present arguments on the application of the law to a given practical problem. In addressing students are required to follow IRAC throughout the discussion of these two rulings, it is suggested that you adopt the following approach:

I: ISSUES - Identify the essential issues in the question

R: RULE - Identify the relevant law, i.e. relevant legislative provisions and cases

A: APPLY - Apply the law to the problem

C: CONCLUSION form a reasoned conclusion on the application of the lawWhen critiquing the TRs, the students should answer following questions:

1. Apply the law to the circumstances discussed in the rulings and reach a conclusion as to its correctness.

2. Correctly cite and discuss relevant legal precedent.

3. Discuss what protection the ruling gives to people who follow it.

4. Discuss whether the ruling is correct.

5. Provide a practical example of how the ruling applies to everyday circumstances.