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Discuss with reference to legislation, case law and/or rulings (where relevant) whether CSI
Ltd would be considered a resident of Australia for tax purposes for the income year ended 30
a) Discuss with reference to appropriate legislation, case law and/or rulings whether
Luke and Linda are carrying on a business for taxation law purposes in either the
2015 or 2016 income years.
b) Discuss with reference to appropriate legislation, case law and/or rulings whether any
amounts received in relation to the sale of the design are ordinary income in the 2016
c) Briefly discuss with reference to appropriate legislation, case law and/or rulings
whether the cash or accruals basis of accounting would apply to Luke and Linda.
Discuss with reference to appropriate (and most relevant) legislation, case law and/or
rulings whether the expenses described above are deductible for Baby Warehouse in the
2016 income year. You should discuss each tax issue separately.
Advise Justine as to whether she has any assessable capital gain for the income year ended 30
June 2016 as a result of the above transaction. Support calculations and discussions with
legislation and/or cases where relevant.