this is Australia tax law sub:

Advice Jordan the assessability and deductibility of the below transactions. Show calculations and support your advice by reference to relevant tax legislation and tax cases.

Advice Jordan on the tax implications regarding the deductibility, FBT and GST associated with the $2,000 gym membership. Show calculations and support your advice by reference to relevant tax legislation and tax cases.

Jordan does not operate a business, but has shares in Australian listed companies and owns one rental property at Coogee. Jordan is a full-time employee of Bendigo Bank and works as an assistant manager at the Sydney office on a salary of $75,000 per year.

Question:

Jordan decides to sell the Coogee property because the elderly relatives would have to go to a nursing home as they are elderly, his uncle is 96 and his auntie is 95. Jordan advertises the property for sale and sales it shortly after to an investor for $400,000. Exchange of contracts take place on the 25 May 2019 and settlement occurs on the 15 August 2019, due to the sickness of his solicitor. The real estate agents commission on the sale was $6,000 and the solicitors fees for the sale were $4,500.