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this is all from taxation law answer it by today Q1- identify and explain four main common employment-related expenses that may or may not be

this is all from taxation law answer it by today

Q1- identify and explain four main common employment-related expenses that may or may not be deductible under s8-1 of ITAA 1997

q.2 Explain the types of repairs that may and may not be deductible under s 25-10 of the ITAA 1997

q-3 identify and explain the three main types of deductible capital expenditure

q-4 identify and explain four common concessional tax offsets and

q-5 Mr. Kang sold his home in which he has lived for the past 30 years. the original cost of the house was $12000. the house was sold under a contract dated 1 May 2009 for $700000. the sale was finalized on 30 June 2009. selling costs associated with the sale were $6000. Mr. Kang also a parcel of 1000 shares in the national bank of Australia. these shares were purchased at a cost of $30 each in November 2008 and sold for $44 each on 26 June 2009. he incurred @8000 in stamp duty on the purchase and $300 in stockbroker 's fee on the sale.

based on this information determine Mr king's net capital gain or net capital loss for the year ending 30 June 2009.

q-6 explains the difference between cash and accrual accounting.

question-7

how is the net amount for a tax period calculated in GST? why is this concept important?

question-8

explain briefly whether the following receipts are assessable income. include references to any relevant provisions in the ITAA1997 or ITAA1936.

a) a car valued at $15000 given as a prize to a depositor of a building society. the competition was open to all those who were able to maintain a minimum balance of $10000 for the year

b) an exchange gain ( not of an income character) of $1 million made by a large industrial company on repayment of long term loans

c) a travel allowance of 4500 ( paid at 45 cents per kilometer for 10000 km travel ) paid to an employee by an employer because the employee was carrying out tasks required by the employer

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