TAX3702 Assignment 1 Semester 1 2019
This document contains workings, explanations and solutions to the TAX3702 Assignment 1 Semester 1 2019. For assistance call or whatsapp us on 0655053119 or email firstname.lastname@example.org
TAX3702: Framework for the Calculation of Normal Tax Liability (Individuals)
The framework includes notes, and calculations on:
- Gross income including special inclusions, fringe benefits (including detailed calculations), allowances (including detailed calculations)
- Exempt Income
- General Deductions
- Specific Deductions
- Allowable Expenses
- Prohibited Deductions
- Retirement Fund Deduction
- Rebates and Credits
Also includes all relevant tables for normal tax
TAX3702: Capital Gains Tax
These notes provide steps to calculate both adjusted proceeds and base cost, notes on deemed disposals and exclusions from CGT.
TAX3702: Prepaid Tax
These notes provide calculations for provisional tax and employee\'s tax. For each calculation, a framework has been drawn up, explaining how each figure is calculated. In addition, there are notes and other theory throughout the document.
TAX3702: Donations Tax
These notes provide the framework for donations tax, including the value of deemed and actual property; specific exemptions; general exemptions and additional notes and calculations.