Talk about fred is resident of australia for taxation functions
Taxation, Concept, Follow & Legislation Project
Case research 1: Residence and supply
Fred, an govt of a British company specializing in administration consultancy, involves Australia to arrange a department of his firm. Though the size of his keep isn’t sure, he leases a residence in Melbourne for 12 months. His spouse accompanies him on the journey however his teenage sons, having simply commenced school, keep in London. Fred rents out the household dwelling. Aside from the absence of his kids, Fred’s day by day conduct is comparatively much like his conduct earlier than getting into Australia. In addition to the hire on the UK property, Fred earns curiosity from investments he has in France. Due to unwell well being Fred returns to the UK 11 months after arriving in Australia.
Requirement – Talk about whether or not Fred is a resident of Australia for taxation functions. (most 500 phrases)
Case research 2: strange revenue
Explanations of the respective outcomes reached by the courts within the following instances which all involving gross 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 Seashore 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 (max. 1500 phrases).