BLAW30002 Final: 8

• School: University of Melbourne
• Department: Business Law
• Course: BLAW30002
• Professor: Sunita Jogarajan

Document Summary

Understand and recognise the circumstances in which a taxpayer will be regarded as carrying on a business. Understand and apply the rules for dealing with activities that meet the requirements of a business but have hobby-like characteristics. Jane works as an assistant to a fashion designer. She earns a salary of ,000 each year and a clothing allowance of per month. However, jane"s true desire is to be a fashion designer herself. With this in mind, she commenced a night course in fashion designing at university, which she attends in the evenings after work. For her major assignment at university, jane chose to design a costume for a production of sea escapades . She got very excited about the project, and even created her own jane"s jungle labels and a distinctive logo, which she embroidered on the front of the shirt.