Write an essay in which you analyse the income/capital distinction in taxation law. In your essay also includediscussion on how some capital receipts may be captured under the income regime due to the Bright-Line Test.

Essay Writing Guidelines

• Support your discussion with information from the Income Tax Act 2007 (ITA 2007), relevant cases, journal articles, and other relevant secondary sources.

• Your discussion should be analytical and not descriptive. Information from secondary sources need to be paraphrased and written in your own words.