TAX-305 Taxation Law Case Study Assessment

Part A - Case Study

You are currently working as a graduate accountant and are provided with the following information
from a client. The client, Rachel, has the following income and expenses for the financial year that ended
30 June 2022. Rachel is employed as a manager for a large retail store. Rachel also operates a
chicken satay store at the local market every Saturday.

Income

Expenses

Rachel has no children and does not have private health insurance.

Required:

• Determine which Income and Expenses are assessable income or allowable deductions. Note you will need to cite legislative references, case law, and tax rulings as applicable. Emphasis is on providing substantiation for your reasoning to include as assessable income or allowable deduction.
• Assume Rachel is a resident for Australian taxation purposes, and calculate her tax liability including any tax offsets and levies.

Part B – Advice

There has been much debate around the relevant tests for residency in relation to Australian
taxpayers. This debate has led to numerous recent litigations with respect to whether a taxpayer is or
is not a resident for Australian taxation purposes.

Required:

• Discuss current legislative provisions with respect to the test of residency for Australian Taxation purposes. With respect to recent developments (proposed test by the Board of Taxation) discuss implications and propose a residency test that you believe will work in modern society.

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