[Solved] CLWM4100 Taxation Law

CLWM4100 Taxation Law


Table of Contents

Statement of advice 1. 3

Statement of Advice. 5

Statement of Advice 3. 7

Reference list 10


Statement of advice 1

Client name: Jack and Dusting of J&D Partners

Date of advice: 21/8/2022

Summary of document

This document includes advice from taxable income for dusting and Jack form their partnership as per ITAA of 1936 section 90. It provides details of assessable income.


As per the income tax assessment act 1936, section 90 net income of the partnership is calculated as the assessable income of the partnership, considering the partnership as the tax-paying individual (Income Tax assessment act 1936 (Cwlth)s.90). In relation to this section 90 interpretation, the exempt income gets calculated if the partnership counts as a taxpayer and Australian resident. On the other hand, the net income is calculated if the partnership was created as a taxpayer and currently allowed for all the deductions under sections 290-150 or division 36 of the income tax assessment act 1997(Income Tax Assessment Act 1997 (cwlth). Thus, based on the act of 1936, the partnership between Jack and Austin needed to be considered as tax-paying individuals.

From the finding, it has been identified that both the equal partner, Jack, and Dustin, have contributed an equal capital amount of $50000, and currently, they are receiving a 15% interest rate per annum on their invested capital for the business. While Dustin is currently receiving a total salary of $35000; therefore, the monthly salary is $2917, and he also received $4000 as a superannuation fund made by jack. After analysing the financial information for the year 2021/22, the total sales made by the company was $500000 with interest on capital of $15000, and the total cost of sales made $200000. The company also provides superannuation to Jack with a value of $4000, and the final capital gain is $120000. The company also has a car that was leased for business purposes and is currently used only by Dustin. The tax will be exempted in this scenario as 90% of the car usage is for business purposes and 10% for private purposes.

The total net income made by the partnership, which is currently taxable, is superannuation of the fund of $4000 with the additional operating expenses of $30000 and a capital gain of $60000. While on the other hand, the salary will not be counted as an income, but the cost of sales exempted from the total sales currently valued at $300000. $394000 is the total net income for the partnership of each partner, and it is also the taxable income for 2022. On the other hand, for calculating the income of an individual partner, it is very much important to identify the contribution of working capital which is $50000 each in this case. On the other hand, both received an interest rate of 15% per annum, and currently, it is 15000 for both Jack and Dustin. On the other hand, Dustin only received a 35000-salarybecause he leads the role of managing the business, and 4000 per annum gets speed directly to the business for the superannuation fund for Jack. While on a similar note, all the residual profits and losses get shared by both equal. So, in this case, their income of Jack is as follows.

15000 + 4000 + 100000 + 60000 = $179000

On the other hand, the total income of Dustin from this business is.

15000 + 35000 + 900 + 100000 + 60000 = 210900


In Australia, the tax liability on partnership is mainly focused on while any rent is paid by both the partner and all the interest obtained from the business capital held inside a joint account, and finally, all the dividend gets received as jointly held shares. On a similar note, under division 830 of the Income tax assessment act 1997, it also has been identified all the partnerships must use LLC and LLP to come under the Australian income tax purposes, and the same division also specified the income tax provision for applying under the definition of partnership in ITAA 97 (Partnership tax return instructions, 2010). In the case of Jack and Dustin, the total taxable income for both will be paid taxable income of 37% of their total income as both of them are corporate partners; however, after exemption, the total taxable income will be 21% after getting corporate rebates on taxation in Australia.

The total taxable income of Jack is $179000 * 19% = $34010

The total taxable income of Dustin is $210900 * 19% = $40071

Statement of Advice

Client name:  Joanne Tran

Date of advice: 21/9/2022

Summary of document

This document include advice regarding  taxation implication to Joanne regarding tax payable by beneficiaries after she has distributed the trust net income to each beneficiary at 50%.


After analysing the case study, it has been identified that Joanne Tran is currently residing in Australia and running a resident trust estate created through a trust deed. This trust was mainly created to provide benefits to her sons named, James and Lisa belonging to the age group of 18 years and 16 years. As per the Trust Tax Return Instruction 2021 appendix 10, they are clearly mentioned that if the beneficiary is entitled to obtain a share of trust income and belongs from the age of 18 years or under, then they will be liable to pay the tax as it will be counted as income of an individual. On the other hand, if the beneficiary belongs to the age group of under 18 years, then the beneficiary will get excluded from TFN and currently withholding all the rules that are closely held by the trust Trust Tax Return Instructions 2021(Trust tax return instructions, 2021). This beneficiary under age 18 does not have to withhold any such amount for making payment to the beneficiary and is not provided to be a TFN. The income tax act also suggests that if the beneficiary is still under the age of 18 years old on 30 June of the financial year will be counted as a minor beneficiary, and in this case, a special taxation provision will be applied to the income unless the beneficiary considered in this case is an excepted person or counting on excepted income (Glover, J., 2021, pp.55). When the beneficiary is a resident of Australia, then the trustee pays all the taxes based on their income at the nominal individual rate, and in such cases, if the beneficiary becomes a non-resident, then the trustee needs to pay all the taxes on their income at non-resident rates. As per the income tax rate, if the beneficiary is resident in Australia, the income counting to $416 does not need to pay any taxes (Heath, S., 2021, p.35). While on the other hand, if the beneficiary is generating income for more than 417 but less than 13007, then he is liable to pay 66 cents for every single dollar the beneficiary earns over the 416. Finally, if the beneficiary is generating income for more than 1308, then he or she needs to pay a tax of 45 cents in the dollar of the entire amount. The non-resident tax brackets are not considered in this case, as the beneficiary belongs to Australia and are Australian residents.


After analysing this case study, the total net rental income has been calculated at $57000 with the Frank dividend received of $4300. While on the other hand, James is currently receiving a job seeker payment of $8890 during the tax year of 2021-22. On a similar note, Lisa is a full-time high school student, and she also earns $4000 by working at a local restaurant during the school holidays. Right now, Joanne is ready to distribute the net trust income to each of the beneficiaries at a rate of 50%; therefore, the distribution will be between the two, and both of them will get $28500 while the Franked dividend also will be diluted between two at a rate of $2150. Currently, Lisa is aged 16 years, while James is aged 18 years, and in this case, Lisa does not need to pay any tax on her income generated from the net income after getting her distribution from the net trust income. While on the other hand, James needs to pay a good amount of tax on it as currently he is 18 years, and the rate of tax will be 19% under the text bracket of $18201 to $45000. Therefore, James needs to pay a tax of 5415. How about some tax relieving provisions that are present and this provision is currently related to the minor beneficiary’s obligation to pay the additional tax? In this case, James can also apply as a farm management deposit, and if he does this, then the beneficiary will get treated as a legal disability and access on their individual return.

Statement of Advice 3

Client name:  Jerry Haufmann

Date of advice: 24/9/2022

Summary of document

This document includes franking percentage account of Haufmann Pty Ltd and net tax payable for the company.



Franking percentage account of Haufmann Pty Ltd

DateTransaction detailsDebit ($)Credit ($)
1/7/2021Opening balance (Being started the business with the opening balance of $2400 in the first of the financial year) 2400
30/08/2021Tax refund 2021 (tax return)   (Being returned the tax after calculating the payments on per quarter PAYG)4500 
20/10/2021PAYG instalment   (Being the instalment paid for the quarter of June in 2021) 1900
11/11/2021PAYG instalment   (Being the instalment paid for September in 2021) 1300
28/12/2021Dividend   (Being the dividend paid to franked) 10000
02/02/2022Dividend   (Being the dividend received from the Australian company year ended 2021) 6000
27/02/2022Instalment paid for PAYG   (Being the instalment paid for December 2021 with PAYG) 1300
25/05/2022PAYG instalment 2022   (Being the instalment for a march of the quarter 2022) 1300
28/06/2022Dividend paid   (Being the dividend received for the franked with the total 60% of the whole amount) 10000
Total amount$29700

From the above calculation, it can be identified that the total consequences arise from the franking account balance as of 30 June 2022. From the start, the opening balance was credited with PAYG instalments for June and September as well as December 2021. On the other hand, the tax refund in 2021 also deducted from the total amount, and finally, the dividend was received and is credited to the franking account. The instalment paid on PAYG for December 2021 and March 2022 in the year 2022 with a total valuation of 2600. After that, a total dividend was paid on behalf of 60% of the whole amount by Franked in the same year. The final calculation shows the total amount of franking account balance is $29700 for the year ended 2022. The debit and credit format is mainly attached to the liability for deficit tax, and the credit is mainly equal to the PAYG instalments attached to the FDT liability. In this account, no surplus or deficit has been noticed that can exceed the sum of franking credits.



After analysing the total accounting information of Kaufmann pty. ltd, it has been identified the total benchmark franking percentage of the company is 100%, with a total taxable income of 27000 during the financial year 2021/22. As per the Australian income tax Act 1997, it can be identified if the company makes 27000 per year, then the tax rate will be applicable on an average rate of 7.5% (Income Tax Assessment Act 1997 (cwlth). While on the other hand, for business or company purposes, the marginal tax rate will be 27.5%. The net payment will be 24982 after getting exempted from taxes of 2018. It directly indicates that the company needs to pay the taxes of 2082 per month, and if the average tax rate is 15.8% with the marginal tax rate of 24.3% in Australia, then the company is liable to get 2800 tax payable or refundable on the books of the company. The marginal tax rate directly refers to the immediate additional income, and if the income gets increased by $100, then the tax will be increased by 27.46. It is very much applicable to properly generate bonuses on the extra 725 income, and after calculating the final payment and instalment of the company in the quarter of June 2022, the total instalment is 1300 with the paid timeline of August 2022. In the previous section, the tax refund gained by the company during the year 2021 was 4500, and in the current year of 2022, the company needs to pay a total tax of 5700, and among the total amount of tax, the company will get a benefit of 200500 under the income tax act Australia.

Reference list

Glover, J., 2021, January. Trusts at the intersection of tax and criminal laws: unpaid tax,” unexplained wealth orders” and the Proceeds of Crime Act 2002. In Australian Tax Forum Vol. 36, Issue No. 1, pp.45-89

Heath, S., 2021. Tax Files: The future of tax in Australia. Bulletin (Law Society of South Australia), Vol. 43, Issue no.1, pp.36-37.

Order Now

Get expert help for CLWM4100 Taxation Law and many more. 24X7 help, plag free solution. Order online now!

Universal Assignment (March 26, 2023) [Solved] CLWM4100 Taxation Law. Retrieved from https://universalassignment.com/solved-clwm4100-taxation-law/.
"[Solved] CLWM4100 Taxation Law." Universal Assignment - March 26, 2023, https://universalassignment.com/solved-clwm4100-taxation-law/
Universal Assignment January 4, 2023 [Solved] CLWM4100 Taxation Law., viewed March 26, 2023,<https://universalassignment.com/solved-clwm4100-taxation-law/>
Universal Assignment - [Solved] CLWM4100 Taxation Law. [Internet]. [Accessed March 26, 2023]. Available from: https://universalassignment.com/solved-clwm4100-taxation-law/
"[Solved] CLWM4100 Taxation Law." Universal Assignment - Accessed March 26, 2023. https://universalassignment.com/solved-clwm4100-taxation-law/
"[Solved] CLWM4100 Taxation Law." Universal Assignment [Online]. Available: https://universalassignment.com/solved-clwm4100-taxation-law/. [Accessed: March 26, 2023]

Please note along with our service, we will provide you with the following deliverables:

Please do not hesitate to put forward any queries regarding the service provision.

We look forward to having you on board with us.

Get 90%* Discount on Assignment Help

Most Frequent Questions & Answers

Universal Assignment Services is the best place to get help in your all kind of assignment help. We have 172+ experts available, who can help you to get HD+ grades. We also provide Free Plag report, Free Revisions,Best Price in the industry guaranteed.

We provide all kinds of assignmednt help, Report writing, Essay Writing, Dissertations, Thesis writing, Research Proposal, Research Report, Home work help, Question Answers help, Case studies, mathematical and Statistical tasks, Website development, Android application, Resume/CV writing, SOP(Statement of Purpose) Writing, Blog/Article, Poster making and so on.

We are available round the clock, 24X7, 365 days. You can appach us to our Whatsapp number +1 (613)778 8542 or email to info@universalassignment.com . We provide Free revision policy, if you need and revisions to be done on the task, we will do the same for you as soon as possible.

We provide services mainly to all major institutes and Universities in Australia, Canada, China, Malaysia, India, South Africa, New Zealand, Singapore, the United Arab Emirates, the United Kingdom, and the United States.

We provide lucrative discounts from 28% to 70% as per the wordcount, Technicality, Deadline and the number of your previous assignments done with us.

After your assignment request our team will check and update you the best suitable service for you alongwith the charges for the task. After confirmation and payment team will start the work and provide the task as per the deadline.

Yes, we will provide Plagirism free task and a free turnitin report along with the task without any extra cost.

No, if the main requirement is same, you don’t have to pay any additional amount. But it there is a additional requirement, then you have to pay the balance amount in order to get the revised solution.

The Fees are as minimum as $10 per page(1 page=250 words) and in case of a big task, we provide huge discounts.

We accept all the major Credit and Debit Cards for the payment. We do accept Paypal also.

Popular Assignments

BAFI1002 Financial Markets: FX Dealing Session Report

Introduction: This is a written report authorised by Snowy River Ltd to deliver and improve the trading strategy for a renowned FX trading company. Due to the high market uncertainty caused by the coronavirus pandemic so that its profitability can be enhanced in the upcoming future. BAFI1002 Financial Markets –

Read More »

Binomial Trees and Properties of Options

In this question, you need to price options with binomial trees. You will consider puts and calls on a share with spot price of $30. Strike price is $34. Furthermore, assume that over each of the next two four-month periods, the share price is expected to go up by 11%

Read More »

Enterprise Risk Management Assignment

ASSESSMENT FEEDBACK TO BE FILLED BY THE ASSESSOR Assessment types Marks Marks Awarded Executive Summary 7   Introduction 8   Literature Review 20   Application of Theory to Practice 20   Developing Risk Management 25   Conclusion & Recommendation 10   References 10   Overall Marks 100   Overall Grade

Read More »

CAPM Assignment Help

Year                    After tax cash flow (2 marks)                                             USD Initial cash outlay              80000 Discount rate                        10% Expected cash flow(end of the year)    Y1 = 20000                                                                      Y2 = 20000 till Y6 20000    Telex Ltd is an all-equity financed firm and is considering the following projects: Project           Beta              Expected Return A                 

Read More »

GGR240: Geographies of Colonialism in North America

This assignment requires you to build on the research you conducted for Assignment 2 and craft a seven-to-eight-page expository essay (maximum 2000 words, before notes and bibliography) on the topic you chose for that Assignment. (If you wish to change your topic, please discuss it with me.) Your essay MUST

Read More »

FIN4001 Introduction to Finance Assignment

Date for Submission: Please refer to the timetable on ilearn (The submission portal on ilearn will close at 14.00 UK time on the date of submission) Page 1 of 11 [1289] As part of the formal assessment for the programme you are required to submit an Introduction to Finance assignment.

Read More »

SOE11144- Global Business Economics and Finance

Project 1 A. Project background Story of ScotchExtract taken from the Scotch Whisky Association web page. Scotch Whisky must, by law, be distilled and matured in Scotland in oak casks for at least three years and bottled at a minimum alcoholic strength of 40% abv. The robust legal protection of

Read More »


Submission Requirements. UNIT CODE: ACT305 UNIT NAME: CORPORATE ACCOUNTING Assignment Information Semester 2 2021 Assessment 20% This assignment is to be submitted before 23.59pm Friday 29th October in Week 11 Assignments are to be submitted by one of the following means; DO NOT LODGE BY FAX nor EMAIL nor at

Read More »


MITS4002 OBJECT-ORIENTED SOFTWARE DEVELOPMENT Activity 03 Weightage: 15% Due date: Sunday Lesson 04 11:59 PM       Late penalty applies on late submission, 10% per day would be deducted 0 mark for LATE Submission more than one week     You will be marked based on your submitted zipped

Read More »


Assessment One Learning Objective PART A (PROJECTS) (700-1100 words) – ( 35 marks) You have learnt the key characteristics of projects in Topic 1 of this unit. Part A requires you to apply this knowledge and any further research to a real project. (400-500 words) (15 marks) PART B (PROJECT

Read More »

CVEN6005 – Advanced Hydraulics & Hydrology

Assignment Brief – Part 1 Unit CVEN6005 – Advanced Hydraulics & Hydrology Assignment Weight 25% of unit     Issue Date w/c 27th February 2023 Due Dates 23:59, 22nd April 2023 (Part 1A) 23:59, 6th May 2023 (Part 1B)     Group Size Maximum 2 students per group Students completing

Read More »

Assignment 1: Identifying a Research Problem

Guideline 1: Choose an appropriate area of enquiry. The area of inquiry that you choose must: Guideline 2: Adhere to best practices for each component of the ‘Introduction’ chapter. Guideline 3: Use academic English throughout your project. You must incorporate these elements to ensure that your project is professional and

Read More »

The Global Economy Assignment help

Unit Name: The Global Economy Answer all the questions below. Question 1 (this question has three parts, (a), (b) & (c)) Country A Country B phones computers phones computers 1000 0 600 0 500 200 400 300 0 400 0 800 (i) Can you tell which country has a comparative

Read More »

MAE 203 The Global Economy Estimated Reading

DEAKIN UNIVERSITY FACULTY OF BUSINESS AND LAW Department of Economics FINAL EXAMINATION TRIMESTER 1, 2021 Unit Code: MAE 203 Unit Name: The Global Economy Estimated Reading Time: 15 minutes Estimated Working Time: 2 hours Estimated time for preparing and submitting your final responses to CloudDeakin Dropbox: 45 minutes This is

Read More »

Property Asset Finance Assignment

QUESTION 1 (This question has three parts, (a) , (b) and (c) ) Discuss the following questions in detail: QUESTION 2 (This question has three parts, (a), (b) and (c)) QUESTION 3 (This question has three parts, (a), (b) and (c)) Abacus Property Group, a diversified property group listed on

Read More »


COURSE:                                 BACHELOR OF ACCOUNTING UNIT:                                       ICT 201 BUSINESS INFORMATION SYSTEMS ASSESSMENT TASK:                                    ASSIGNMENT 2 ASSESSMENT MARKS:            30% DUE DATE:                              Week 12 ASSESSMENT INSTRUCTIONS The second assignment provides an opportunity to applied knowledge of the concept of data and information and business information systems for the purpose of strategic and operational

Read More »

Critically evaluate the auditors’ role in detecting financial statement frauds

Semester April 2021 Module Code ACC4304 Module Title Auditing Coursework Structure Essay (1,800 words) Assignment Weighting 40% Assignment Title Critically evaluate the auditors’ role in detecting financial statement frauds. Coursework Submission Deadline Date: Week 13 of April 2021 Session Time: 5pmMethod: SafeAssign via Blackboard Assessment Criteria Learning Outcomes: Knowledge and

Read More »

Computer Security Vulnerabilities and Countermeasures

Computer Security (CSI1101) Case Study:                  Computer Security Vulnerabilities and Countermeasures Weighting:                    40% of the final mark of the unit Due Date:                     Check Blackboard under Assessment à Assignments à Assessment Overview Word count:                 3500 words excluding the Title Page, Table of Contents, Reference list, and Appendices (if you wish to add).

Read More »

System Analysis & Design

To make this assignment (and thus the module) more relevant and interesting for you, rather than give all students the same fixed (and artificial) case study, you will select your own realworld case study and then apply the concepts and techniques you have learned from this module to that case

Read More »


_________________________________________________________________________ CBOP3103 OBJECT ORIENTED APPROACH IN SOFTWARE DEVELOPMENT PENDEKATAN BERORIENTASIKAN OBJEK DALAM PEMBANGUNAN PERISIAN MAY 2021 SPECIFIC INSTRUCTION / ARAHAN KHUSUS Jawab dalam BAHASA INGGERIS atau BAHASA MELAYU. Jumlah patah perkataan: 2500 – 3000 patah perkataan tidak termasuk rujukan. Hantar tugasan SEKALI sahaja dalam SATU fail. Tugasan ini dihantar secara

Read More »

Assignment 2: Case study – Template and tips

Assignment 2: Case study – Template and tips Contents Overview of the assignment………………………………………………………………………………… 2 Aim of the Case Study assignment…………………………………………………………………….. 2 Selecting a behaviour……………………………………………………………………………………… 2 Overview of structure…………………………………………………………………………………….. 3 General formatting notes………………………………………………………………………………… 3 Frequently Asked Questions…………………………………………………………………………….. 3 Assignment structure………………………………………………………………………………………… 5 HEADING: Reason for Referral………………………………………………………………………….. 5 HEADING: Assessment……………………………………………………………………………………. 5 SUBHEADING: Behaviour

Read More »

BUSM4741 Financial Analytics for Managerial Decisions

Graduate School of Business and Law — Course Code: BUSM4741 Subject Name: Financial Analytics for Managerial Decisions Assessment # 1: Reflective Exercises Assessment Type: Individual Reflections Word limit: 2,000 (+/– 10%)   Due date:     Weighting   Sunday of Week 3, 23:59 (Melbourne time)     20 %  

Read More »

PROJ6004: Contracts and Procurement

ASSESSMENT BRIEF – Assessment 2 Subject Code and Title PROJ6004: Contracts and Procurement Assessment Assessment 2: Contracts and Procurement Review of the case study and associated Learning Resources, including detailed analysis of findings. Individual/Group Individual Report Length 2400 words Learning Outcomes Critically evaluate the risks associated with contract and procurement

Read More »


ASSIGNMENT 1: 2nd SEMESTER 2021 FINANCIAL MANAGEMENT (FM202B) Please note that this assignment consists of three sections, all of which should be completed. SECTION 1 Working capital [10] Extract from Shoprite Holdings group financial statements   Rm Rm   2020 2019 Revenue 83 430 79 711 Cost of sales –     

Read More »

Research & Enquiry – Assignment Two

In what ways can an organisation increase an employee’s work motivation? 1.0 Introduction The main objective of human resource management is to ensure long term organisational performance by aiming for optimal employee productivity (Hanaysha & Majid, 2018). Employees are an organisation’s most valuable assets and managers are always looking for

Read More »

BBF308/03 International Financial Management Assignment

BBF308/03 International Financial Management Assignment 1 (50%) September 2021 Semester Instructions BBF308/03 ASSIGNMENT 1 Part 1 (100 marks) Answer ALL questions. QUESTION 1 (25 MARKS) QUESTION 2 (25 MARKS) Three friends Derek (Malaysia), Nook (Thailand) and Minori (Japan) decided to join an international competition of innovation product. The registration fee

Read More »

LAW203 Taxation Law

Course:                            Bachelor of Accounting Unit:                                LAW203 Taxation Law Assessment Task:                                        Task 2 – Individual Assignment Assessment Marks:                             30% or 30 marks Assessment task Type (1) When assessed – year, session and week Weighting (%        of total marks for unit) Cross reference to learning outcomes Case Study Assignment and Class Debate:

Read More »

Can't Find Your Assignment?

Open chat
Free Assistance
Universal Assignment
Hello 👋
How can we help you?