7 Pages 1865 Words Salary And Investment Income


Case con-over 1:
Residence and spring Kit is a burning dweller of Australia. He was born in Chile and retains his Chilean citizenship. Kit spends most of the year instituted extempore the seaseacoast of Indonesia on an gloze rig control a United States assemblage. He was recruited control this labor in Australia and identified a retrench with the assemblage here. Control the latest foul-mouthed years, Kit’s consort has lived in Australia with their couple progeny. They purchased a settlement in Australia three years since. Kit and his consort feel a flexure bank totality with Westpac Bank. Kit’s remuneration is hired immediately into his totality. Complete of the source’s other investments, including a distribute portfolio that generates dividend completeowance, dwell in Chile. Kit gets undivided month extempore from product total third month and, on these occasions, he meets with his source either in Australia or on holidays environing South America (usually in Chile where his parents tarry). Discuss whether Kit is a dweller of Australia and how his remuneration and investment completeowance would be taxed 
(10 marks, max. 1000 control).

Case con-over 2: matter-of-fact completeowance Explanations of the appertaining outcomes reached by the courts in the aftercited cases which complete involving sales of land:
I.    Californian Copper Syndicate Ltd v Harris (Surveyor of Taxes) (1904) 5 TC 159
II.     Scottish Australian Mining Co Ltd v FC of T (1950) 81 CLR 188 
III.    FC of T v Whitfords Beach Pty Ltd (1982) 150 CLR 
IV.     Statham & Anor v FC of T 89 ATC 4070 
V.    Casimaty v FC of T 97 ATC 5135 
VI.     Moana Sand Pty Ltd v FC of T 88 ATC 4897 
VII.    Crow v FC of T 88 ATC 4620 
VIII.     McCurry & Anor v FC of T 98 ATC 4487
(10 marks, max. 1000 control).


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