İptal Edildi

Australian Tax Law/Income Tax Law

Must have a prior knowledge in Australian Tax Law/Income Tax Law

Australia Qualified ACCA/ACA/CPA preferred.

2000 words, deadline 6th October 2014.

Format required: Attached model answers.

QUESTION

Martin purchased a derelict building on 1st January 2013 in Surry Hills for $500,000. To finance the purchase Martin borrowed $500,000 from Big Bank Ltd at 10% interest per annum. Before Martin bought it, the building had been leased by a charitable organisation to a women’s refuge at a nominal rental of $100 per week. On 1st January 2013, there was still a year remaining under the lease.

When Martin purchased the building he shouted, “I have a dream!” Martin’s dream was that one day the building would be a multicultural café, the “World Community Café”, where people from all over the world would want to come and eat. Martin wanted the logo to be a world globe inside a coffee cup. On 14th February 2013, Martin applied to the local council for permission to redevelop the building as a café. The cost of putting together the application, including the architect’s fees, was $35,000. On 14th February 2013, Martin also gave the women’s refuge one month’s notice to vacate the premises. The women’s refuge refused to vacate and Martin incurred $10,000 in legal fees associated with ejecting the group. The women’s refuge finally vacated the building on 1st June 2013.

The local council consented to the redevelopment on 1st May 2013. On 1st May 2013 Martin borrowed a further $700,000 from Big Bank Ltd, again at an annual interest rate of 10%, to undertake the necessary renovations for the redevelopment. The total cost of the renovation work was $700,000. $100,000 was spent on the central coffee making machine and the individual nozzles. $500,000 was spent on plastering and painting the inside of the building. $60,000 was spent replacing the existing awning to protect café customers from the weather. The old awning was made from cloth and was operated manually. The new awning is made from Kevlar and operates electronically. $40,000 was spent on a new stereo system that is Apple compatible. Martin had the stereo system at home between the time when he bought it (4th May 2013) and 1 January 2014.

The café was due to open on 1st December 2013. However, on 15th November 2013, Martin received an injunction notice from a competitor, World Cup Coffee. The injunction prevented Martin from opening his café until a substantive matter was resolved in court. World Cup Coffee alleged that Martin’s logo was substantially similar to theirs and that Martin’s café would materially affect their business. (World Cup Coffee’s logo is a cup of coffee inside a globe of the world.) Martin incurred $50,000 in legal fees in relation to the injunction proceedings but was unsuccessful. Martin tried to find another concept and logo for his café before 1st December 2013 but he was so disillusioned by the legal proceedings that he lost interest in the café. Instead he opened an art gallery on 1 January 2014 which shows photos by artists from all around the world.

Required:

Advise Martin of the tax consequences that will result to him on these facts. You need to consider both the 2012-2013 and 2013-2014 income years.

Beceriler: Muhasebe, Araştırma Yazarlığı, Vergi, Vergi Hukuku

Daha fazlasını görün: writing machine, work from home women, work from home in accounting, work from home finance, work from home cpa, work from home business australia, work from home around the world, work from home architect, work from home accounting, work at home women, work at home with no fees, work at home no fees, work at home australia, work at home architect, women work from home, where to find work in australia, where to find concept artists, wanted opening, the month of january, tax in accounting, system architect, rental writing, people bank australia, opening in australia, november writing month

İşveren Hakkında:
( 42 değerlendirme ) Ottawa, Canada

Proje NO: #6544383

10 freelancer bu iş için ortalamada 314$ teklif veriyor

topacademics

A proposal has not yet been provided

in 2 gün içinde255$ AUD
(158 Değerlendirme)
7.0
stranger0090

Greetings, A professional academic expert is here to deliver. I am a taxation expert and I can do it in 36 hours. A+ is assured. Let's do it. Thanks

in 2 gün içinde250$ AUD
(353 Değerlendirme)
7.0
alibutt2014

A+ ACADEMIC WRITER HERE ------ Ready to start this work, expect HIGH QUALITY from me. Looking Forward.......Thank you!

in 2 gün içinde526$ AUD
(121 Değerlendirme)
6.6
swift555

A proposal has not yet been provided

in 2 gün içinde250$ AUD
(43 Değerlendirme)
5.7
gauravsaggi

Dear Sir/Madam, We have Completed 220+ LEGAL projects on Freelancer related to CONTRACTS, PATENTS, TERMS OF WEBSITE, LEGAL RESEARCH and IT LAW. We also have access to LEXIS NEXIS and TOTAL PATENT. We have a full ser Daha fazlası

in 4 gün içinde263$ AUD
(50 Değerlendirme)
5.4
silverhorse73

A proposal has not yet been provided

1 gün içinde 277$ AUD
(38 Değerlendirme)
5.4
emiliatech

Hello Sir, We have gone through your job post and want to do the job for you. We have excellent command over legal writing, web research and English language. In this field we have worked on writing case studies, c Daha fazlası

in 5 gün içinde250$ AUD
(36 Değerlendirme)
5.2
OwnersPride1

I am a professional full time academic research writer and having a good experience in HARVARD, APA, MLA, resumes, Chicago and Oxford writing styles. We are US and UK English standards. I am competent in writing disser Daha fazlası

in 3 gün içinde263$ AUD
(25 Değerlendirme)
5.1
kamashtimo

qualitypapersdesk Inc has 25 writers who can handle Law,Engineering,letter, resume writing,Business,Nursing,marketing,,IT,Computer science,History,BBIT,Maths,finance,SPSS,accouting and Physics who've been writing acad Daha fazlası

in 2 gün içinde250$ AUD
(33 Değerlendirme)
5.0
asferbert

A proposal has not yet been provided

in 10 gün içinde250$ AUD
(26 Değerlendirme)
4.4
Fullgrade

YOU HAVE TASKS, WE CAN ASSURE WE HAVE SOLUTIONS We have Expertise in: MYOB, Accounting Experts, Income Tax Professionals, Technical Writers, Lab Report Writing, Online Quiz Completion with A plus Grade Score Gaur Daha fazlası

in 2 gün içinde250$ AUD
(11 Değerlendirme)
4.0
Paru2008

Hi Dear, I am a new freelancer. I am not a CPA or CA but I am very aware of you question. During my university, One unit was Australian Taxation so I can do it going through the Tax website .This is not a h Daha fazlası

in 10 gün içinde555$ AUD
(0 Değerlendirme)
0.0