Filter By
Filter Reset
Exam Types
  • All Exams
  • Midterm (12)
Semester
Study Guides (298,863)
AUS (8,325)
UQ (823)
LAWS (121)
LAWS3101 (12)

Study Guides for LAWS3101 at University of Queensland

Income Tax Law

LAWS3101 Study Guide - Midterm Guide: Medicare (Australia), Concurrent Estate, Proper Records
Premium

Law Lecture 1 The Taxation System inAustralia What is tax? Acontribution levied on persons, property or business in support of Government Compulsory exaction of money by a public authority for public purposes, enforceabl...

Law
LAWS3101
Dr Thea Voogt
LAWS3101 Study Guide - Midterm Guide: Circulating Capital, Ordinary Income, Liability Insurance
Premium

TaxAccounting Part 2: TaxAccounting (Chapter 16) The second main aim with this topic is that you must be able to work out when a taxpayer derives income so that assessable income is included in taxable income in the cor...

Law
LAWS3101
Dr Thea Voogt
LAWS3101 Study Guide - Midterm Guide: Legal Personality, Nanny
Premium

Concessional Contributions & Companies and Shareholders Concessional Contributions Concessional Contributions are those that are included in the assessable income of the superannuation fund (s291-25 ITAA1997) Concessiona...

Law
LAWS3101
Dr Thea Voogt
LAWS3101 Study Guide - Midterm Guide: Horse Breeding, Ordinary Income, Gambling
Premium

Income from Business Income from Business (eg an accounting rms prot has a clear nexus with the accounting business) (Business income is ordinary income under s6-5 of ITAA1997. Characterising receipts as ordinary income...

Law
LAWS3101
Dr Thea Voogt
LAWS3101 Study Guide - Midterm Guide: Ordinary Income, Ronnie Biggs, Independent Contractor
Premium

Ordinary Income: Characteristics Characteristics: It is ordinary income if it is 1) Regular or periodic receipt (e.g. wage, interest if its paid regularly, salary) FCT v Dixon 2) Flow Eisner v Macomber | Tree and fruit a...

Law
LAWS3101
Dr Thea Voogt
LAWS3101 Study Guide - Midterm Guide: Mortgage Loan, Improper Conduct
Premium

General Deduction Rule General Deduction Rule General deduction provision s8-1 of ITAA1997 gives taxpayers a deduction for an expense. It is a general deduction provision as it has the potential to apply to any expense ...

Law
LAWS3101
Dr Thea Voogt
LAWS3101 Study Guide - Midterm Guide: 457 Visa, Temporary Residency In Canada, Working Holiday Visa
Premium

Residency T1= Primary Test (According to Ordinary Concepts) Aperson who resides inAustralia Residesis not dened in precise terms Relies on residence according to ordinary concepts Common law test = Case law Levene v IRC...

Law
LAWS3101
Dr Thea Voogt
LAWS3101 Study Guide - Midterm Guide: Tertiary Education Fees In Australia, Photocopier, Byrsonima Crassifolia
Premium

Many Denied Non-deducible Expenses Relocation expenses Also non-deductible under s8-1 of ITAA1997 as they are incurred in putting the taxpayer in a position to produce assessable income, rather than being incurred in gai...

Law
LAWS3101
Dr Thea Voogt
LAWS3101 Study Guide - Midterm Guide: Ordinary Income, Sherden
Premium

Ordinary Income: Basics Taxable income = Accessible income - Deductions Accessible income = Ordinary income + Statutory income What are ordinary income? (Prerequisite + Characteristic) 3 Categories of I...

Law
LAWS3101
Dr Thea Voogt
LAWS3101 Study Guide - Midterm Guide: Capital Asset
Premium

Non-deductible expenses: Denied Deductions Denied Deductions are non-deductible. Usually expenses that are denied deductions are not deductible for policy reasons, such as where the government does not want to reward or p...

Law
LAWS3101
Dr Thea Voogt
LAWS3101 Study Guide - Midterm Guide: Operating Expense, Title Search
Premium

Specic Deductions Chapter 13: Specic Deductions Specic deductions arise where a specic provision in the legislation, outside division 8, provides the taxpayer with a deduction for an expense: s8-5. Tax-related expenses S...

Law
LAWS3101
Dr Thea Voogt
LAWS3101 Study Guide - Midterm Guide: Lump Sum, Royalty Payment, Capital Asset
Premium

Non-deductible expenses: The negative limbs of s8-1 Non-deductible expenses: The negative limbs of s8-1 s8-1(2) stipulates that an expense that satises the positive limbs of s8-1 may nonetheless not be deductible under ...

Law
LAWS3101
Dr Thea Voogt

Log In


OR

Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit