taxation

tan cami) - Word References Mailings Review View Help Semester 2, 2020 BULAW5916 Taxation Law and Practice Question 4 Samni receives rental income in relation to a house he owns in an inner suburb of Sydney The house is fully furnished, and Sami has had the same tenant for several years Sami also receives income from his business as an event organiser He specialises in organising parties to celebrate family occasions such as engagements, birthdays, wedding anniversaries, and retirements Events organising requires a lot of planning and many of Sam's clients prefer to meet with Sami in his Sydney CBD office, rather than remotely via the internet. Sami would like to make his clients feel comfortable in an informal setting, so he decides to replace the large reception table in his office with a smaller wooden coffee table On 3 August he sees the perfect table on sale for $295 and decides to purchase two - one for his office and one for the rental property. Samni estimates that each of the coffee tables would have an effective life of 3 years It is now time for income tax returns to be lodged Required A Advise Sami What amount, if any, he can claim for the purchase of the coffee tables (12 marks) Click or tap here to enter text, Explain what methods could be used to calculate the claim (8 marks) Click or tap here to enter text. in your response give reasons and refer to sections of legislation and cases, where relevant Focus al o RI acer LCR of a Here senter lexi Page 6 of 15 ster 2. 2020 BULAW5916 Taxation Law and Pract Question 4 Sami receives rental income in relation to a house he owns in an inner suburb of Sydney The house is fully furnished, and Sami has had the same tenant for several years Sami also receives income from his business as an event organiser. He specialises in organising parties to celebrate family occasions such as engagements, birthdays, wedding anniversaries, and retirements. Events organising requires a lot of planning and many of Sami' s clients prefer to meet with Sami in his Sydney CBD office, rather than remotely via the internet. Sami would like to make his clients feel comfortable in an informal setting, so he decides to replace the large reception table in his office with a smaller wooden coffee table. On 3 August he sees the perfect table on sale for $295 and decides to purchase two- one for his office and one for the rental property. Sami estimates that each of the coffee tables would have an effective life of 3 years. It is now time for income tax returns to be lodged Required A Advise Sami what amount if any, he can claim for the purchase of the coffee tables. (12 marks) Click or tap here to enter text. Explain what methods could be used to calculate the claim. (8 marks) Click or tap here to enter text. in your response give reasons and refer to sections of legislation and cases, where relevant Page 7 of 15 tan cami) - Word References Mailings Review View Help Semester 2, 2020 BULAW5916 Taxation Law and Practice Question 4 Samni receives rental income in relation to a house he owns in an inner suburb of Sydney The house is fully furnished, and Sami has had the same tenant for several years Sami also receives income from his business as an event organiser He specialises in organising parties to celebrate family occasions such as engagements, birthdays, wedding anniversaries, and retirements Events organising requires a lot of planning and many of Sam's clients prefer to meet with Sami in his Sydney CBD office, rather than remotely via the internet. Sami would like to make his clients feel comfortable in an informal setting, so he decides to replace the large reception table in his office with a smaller wooden coffee table On 3 August he sees the perfect table on sale for $295 and decides to purchase two - one for his office and one for the rental property. Samni estimates that each of the coffee tables would have an effective life of 3 years It is now time for income tax returns to be lodged Required A Advise Sami What amount, if any, he can claim for the purchase of the coffee tables (12 marks) Click or tap here to enter text, Explain what methods could be used to calculate the claim (8 marks) Click or tap here to enter text. in your response give reasons and refer to sections of legislation and cases, where relevant Focus al o RI acer LCR of a Here senter lexi Page 6 of 15 ster 2. 2020 BULAW5916 Taxation Law and Pract Question 4 Sami receives rental income in relation to a house he owns in an inner suburb of Sydney The house is fully furnished, and Sami has had the same tenant for several years Sami also receives income from his business as an event organiser. He specialises in organising parties to celebrate family occasions such as engagements, birthdays, wedding anniversaries, and retirements. Events organising requires a lot of planning and many of Sami' s clients prefer to meet with Sami in his Sydney CBD office, rather than remotely via the internet. Sami would like to make his clients feel comfortable in an informal setting, so he decides to replace the large reception table in his office with a smaller wooden coffee table. On 3 August he sees the perfect table on sale for $295 and decides to purchase two- one for his office and one for the rental property. Sami estimates that each of the coffee tables would have an effective life of 3 years. It is now time for income tax returns to be lodged Required A Advise Sami what amount if any, he can claim for the purchase of the coffee tables. (12 marks) Click or tap here to enter text. Explain what methods could be used to calculate the claim. (8 marks) Click or tap here to enter text. in your response give reasons and refer to sections of legislation and cases, where relevant Page 7 of 15