Taxation law assessment
Are the salary and bonus received by Jill from the firm she is employed full-time included in her assessable income?
Are ordinary clothing expenses spent by Jill for her work purpose deductible?
Is the reward from the Accounts Association for ‘Best accountant in Sydney’ included in Jill’s assessable income?
Are Jill’s expenses for traveling between her two work places deductible?
Is the cash received from providing personal services included in Jill’s assessable income?
Are the gains from the deals of collectables included in Jill’s assessable income?
Are the interest on the borrowed money for funding the purchase of an investment property, stamp duty and legal fees related to that purchase, subsequent council rates, water rates and insurance premiums all deductible for Jill?
Is Jill’s insurance compensation for the destroyed property an assessable recoupment under s20-20 of ITAA 97?