Telecommunications manager with Opstar a national telecommunications company which build mobile phone towers across all capital cities. The taxpayer usually works in the Elizabeth St office in the Sydney CBD but is required to travel to various work sites on a regular basis. Sometimes the taxpayer will spend the whole day in the Elizabeth St office, but may be required to travel to multiple other locations in one day. The taxpayer$$s main work activities involve face$-$to$-$face meetings with customers and on site engineers, analysing mobile phone data $,$ and managing ongoing mobile phone tower maintenance and build. The employer provides each employee with a basic set of uniform items consisting of $2$ x pants$/$skirts$,2$ x shirts, $1$ tie$/$scarf$,$ and $1$ x blazer. Employees can purchase additional uniform items from the employer at their discretion. All uniform items clearly display the Opstar logo$.$ Wearing of the uniform is not compulsory for all frontline employees, however the design is registered with AusIndustry. Each employee is responsible for the laundering or dry cleaning of their uniform. The payment summary from the employer, Opstar Ltd ABN $98767522,$ shows the following: $$ Gross Salary $($includes tax withheld below$)-$ $$155,000$ Transport$/$Travel Allowance $-$ $ $4,000*$ Entertainment Allowance $-$ $ $2,000*$ Tax Withheld $-$ $$45,000$ Reportable Fringe benefits $-$$ $8,000*$OTHER INCOME: Interest earned on bank accounts. All accounts are held in the taxpayer$$s name, apart from the joint account, which is held jointly with the taxpayer$$s spouse: $$ Macquarie Bank Joint Account number $008443667$ $ $250$ Unity term deposit Account number $0046600214$$$300.$ The taxpayer and their spouse hold a small joint share portfolio. During the year they received the following dividends:$$ DRT shares fully franked $$7,000$ IRO $70\%$ franked $$1200$ JAF shares unfranked $$700.$ In November $2022,$ the taxpayer won $$6,000$ on the lottery. In May $2023,$ the taxpayer received compensation of $$25,000$ for medical costs incurred in a traffic accidentPROPERTY: Land in Port Macquarie The taxpayer purchased this land for $$180,000$ in February $2019.$ Stamp Duty and legal fees on purchase was $$19,000.$ At the time of the purchase the taxpayer intended to build a house on the land, but this never eventuated the taxpayer also incurred $$12,000$ on Council rates and $$5,000$ on maintenance during the period of ownership. The property was sold under a contract entered on $14$ April $2023$ for $$300,000.$ Agent$$s commission and legal fees on sale amounted to$ $5,500$ The land was funded by a loan from BankEast. The taxpayer paid $$23800,$ interest over the life of the loan on the landProperty in Hawks Nest NSW$.$: The second property is a house located at $15$ Stevens Place Hawks Nest NSW$.$ The taxpayer paid $$500,000$ on $4$ February $2020.$ They paid $$1,500$ for legal fees and $$11,440$ for stamp duty at the time of purchase. The property is funded by a loan from GNI Bank. Interest of $$22,000$ was paid during the $2023$ tax year. The taxpayer incurred borrowing costs of $$1,600$ on this loan in February $2020.$ In February $2019$ the taxpayer engaged a quantity surveyor who advised that the building was constructed in $2005$ and the construction cost for the house owned by the taxpayer was estimated to be $$125,000.$ In August $2022$ the tenants moved out of the property, and it was vacant for a period of $4$ weeks, even though the agent had advertised for tenants for $2$ weeks prior to the old tenants vacating and continued to advertise until suitable tenants were found. The taxpayer decided to take advantage of the vacancy to replace the kitchen, curtains and the major appliances and paint the interior of the property as all had deteriorated over the period of ownership, and particularly since the property had been rented. The new kitchen cabinets cost $$18,000,$ electric stove $$5,500$ and dishwasher $$1,100.$ Theinternalpaintingcost$$8,800.$ The taxpayer travelled to Hawksnest to oversee the renovations. Fares and accommodation for the trip cost $$2,200.$ The renovations were finished just in time for the new tenants to move in on November $12022.$ The annual statement from the agent who manages the property appears below $($HINT: The Letting fee, Management fee and Postage & Petties are fees charged by the agent & the Rental Bond Board holds residential bonds in trust for release to either the tenant or the landlord at the end of the tenancy period, depending on the condition of the property at that time$).$Hawks Nest Property Managemnt Specialists $-6/40$ Prestons Road NSW$,2450$ Annual Rental Statement $1$ July $2022-30$ June $2023$ INCOME$$Rental Income Received $$24,500\mathrm{.}00$ Water Rates Reimbursed by tenant$$ $$323\mathrm{.}00$ TOTAL $$24,823\mathrm{.}00$

OUTGOINGS$$ Advertising$$$$425\mathrm{.}00$ Council Rates $$$$3,100\mathrm{.}00$ Cleaning$$ $$275\mathrm{.}00$ Insurance$$1,600\mathrm{.}00$ Mowing & Garden Maintenance $$850\mathrm{.}00$ Pest control$$ $$560\mathrm{.}00$ RepaiReplace HotWater System thermostat $$165\mathrm{.}00$ Water Rates $$805\mathrm{.}00$ Retained By Agent Letting $$900.$ Reguired : Total assessable income & Tax payable