is tax return. During the 2018-19 financial year, Max disposed flax is your client and has come to you to prepare h Df the following assets: (a) A two-storey residence at Stuart Park in which he acquired in May 1991. In 1995 Max vacated the premises to work in Japan for three years, during this period the property was rented. Other than the 3 year period, Vax has lived in the property as his residence. He paid $370,000 to purchase the property and received $840,000 on 27 June 2019, after the real estate agent deducted commissions of $10,000. (b) Max sold vacant residential land originally purchased on 16 June 1984 for $300,000. He initially intended to build a house on the land and rent the property. The land was sold for $500,000. The contract of sale was entered into on 28 January 2019 and settlement is to take place on 30 August 2019.
(c) A painting was purchased by Max for $5,500 on 1 June 2009 and sold for $30,000 on 30 March 2019.
(d) Max purchased a luxury motor cruiser that he has moored at the Manly Yacht club in late 2004 for $90,000. He sold it on 2 April 2019 to a local boat broker for $25,000.
(e) Max bought BHP shares on 15 July 2018 for $25,000. He sold those shares on 2 May 2019 for $40,000. Max has capital losses he is carrying forward from previous years of $25,000.
Max also received a salary of $90,001 from his position as the manager of an accounting practice. In additio n, Max's employer awarded him a bonus of $2,500 for exceeding his employment targets.
Calculate Max's tax payable for the year endin e justificati legislation and case l aw. g 30 June 2019, Provide for your calculations using
A battery has an emf of 15.0 V. The terminal voltage of the battery is 11.6 V when it is delivering 20.0 W of power to an external load resistor R(a) What is the value of...Jun 12 2021
It was a dark and stormy night when suddenly you saw a flash of lightning. Six and a half seconds later you heard the thunder. Given that the speed of sound in air is abo...Apr 01 2020
Household ammonia used for cleaning contains about 10 g (two significant figures) of NH3 in 100 mL of solution. What is the molarity of the NH3 in the solution?Jul 26 2021
Draw molecular orbital diagrams for O2, O22-, and O2. Which has the highest bond order? Which would be paramagnetic, and which would be diamagnetic? Can you draw good dot...May 20 2021
In December 2008, Corey and Jamie Baker purchased a TV from Best Buy as well as a four-year service contract for the TV. In November 2010, Best Buy determined that the pr...Aug 13 2021
Draw plausible electron dot structures for the following substances. Each substance contains only single covalent bonds.a. I2b. OF2c. H2Sd. NI3May 23 2021
The distance s (in m) above the ground for a projectile fired vertically upward with a velocity of 4 [ a] m / s as a function of time t ( in s) is given by s = 4 [ a] t −...Apr 20 2020
Derick computers have an organizational model that consists of the subsidiaries in each country in which it does business with the ultimate control exercised by Derick co...Dec 05 2017
ssuming that time preferences of households decrease (being more patient), Would equilibrium interest rate increase or decrease? [ Select] Would equilibrium quantity of l...May 10 2021
Alternative Favourable market Unfavourable market Large plant 200.000 -180,000 Small plant 100,000 -20,000 Do nothing 0 0 John Thompson has the opportunity of obtaining a...Apr 16 2021