Maurice Tutor

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Teaching Since: May 2017
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 08 Aug 2017 My Price 15.00

permanent resident of Australia

Case study 1: Residence and source

Kit is a permanent resident of Australia. He was born in Chile and retains his Chilean citizenship. Kit spends most of the year working off the coast of Indonesia on an oil rig for a United States company. He was recruited for this job in Australia and signed a contract with the company here. For the last four years, Kit’s wife has lived in Australia with their two children. They purchased a home in Australia three years ago. Kit and his wife have a joint bank account with Westpac Bank. Kit’s salary is paid directly into his account. All of the family’s other investments, including a share portfolio that generates dividend income, remain in Chile. Kit gets one month off from work every third month and, on these occasions, he meets with his family either in Australia or on holidays around South America (usually in Chile where his parents reside).

Discuss whether Kit is a resident of Australia and how his salary and investment income would be taxed (10 marks, max. 1000 words).

Case study 2: ordinary income

Explanations of the respective outcomes reached by the courts in the following cases which all involving sales of land:

  1. Californian Copper Syndicate Ltd v Harris (Surveyor of Taxes) (1904) 5 TC 159

  2. Scottish Australian Mining Co Ltd v FC of T (1950) 81 CLR 188

  3. FC of T v Whitfords Beach Pty Ltd(1982) 150 CLR

  4. Statham & Anor v FC of T89 ATC 4070

  5. Casimaty v FC of T97 ATC 5135

  6. Moana Sand Pty Ltd v FC of T88 ATC 4897

  7. Crow v FC of T88 ATC 4620

  8. McCurry & Anor v FC of T98 ATC 4487

(10 marks, max. 1000 words).

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Answers

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Status NEW Posted 08 Aug 2017 08:08 PM My Price 15.00

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