can i please have this assessment done in a week or 10 days should be fine too.
ACC304 Assessment 3 Information T2_2020 Page 1 Kaplan Business School Assessment 3 Outline Assessment 3 Information Subject Code: ACC304 Subject Name: Taxation Law Assessment Title: Assessment 3- Individual assignment Assessment Type: Individual Assignment – Written letter of advice, Capital Gains Tax calculations Weighting: 20 % Total Marks: 20 Due Date: Due by Monday 21 September 2020 @ 19:55 (AEST) Your Task • This assignment must be presented as an individual effort. • The assignment requires individual research using a range of tax resources. It is expected you will survey the relevant literature, including decided cases, and select appropriate additional resources. • You are expected to identify the facts and issues presented by each question, identify and apply the relevant legislation and/or case law, and reach a conclusion. • This assessment assesses your research skills, your ability to synthesise an original piece of work to specific content requirements. It also assesses your written communication skills. • Your reasons for your conclusions and recommendations must be based on your research into the relevant cases and legislation. Please check the marking sheet (included below) for Part A to ensure that you have followed all the guidelines Required The assignment consists of two parts: • PART A: Written letter of advice. (10 marks) • PART B: Advise net capital gains (losses) to be included in Madison Turner’s tax return for the years ending 2019 and 2020. Include ALL available methods for calculating a capital gain for both years. (10 marks) Page 2 Kaplan Business School Assessment 3 Outline Assessment Description PART A: Written letter of advice. Due to COVID-19, Madison was informed by her two current employers that she would be nominated as an eligible recipient for JobKeeper payments from the government. Madison is confused about the tax ramifications of receiving JobKeeper payments and she is seeking your advice. In your own words, explain the tax treatment of JobKeeper payments to Madison and the potential impact of having two employers nominating her. She also has some sole trader income on the side and is wondering whether this will impact her nomination. (500 word limit) PART B: Calculate net capital gains (losses) to be included in Madison Turner’s tax return for the years ending 2019 and 2020. Madison Turner, an Australian resident, seeks advice on the CGT consequences of the following events. She exchanged contracts for the acquisition of an investment property, at market value, on 30 January 1999, paying a 10% deposit of 60,000. Property settlement was deferred until 10 December 2001, when the balance of $540,000 was paid, title transferred, and her name was recorded as the registered proprietor. At the time of the settlement, the market value of the property was $800,000. She sold the property on 15 June 2019 for $1 million. She also bought 20,000 shares in BHP Billion in October 1985, paying $18.50 per share. She decided to sell her entire holding, for $40 per share, and signed a share transfer document and handed the transfer and share script to the Stock Exchange on 21 June 2019. The transfer was not registered with BHP Billiton until 10 July 2019. She also incurred a capital loss of $50,000 from another CGT event in 2019/2020. You have to include ALL available methods for calculating the net capital gains for the years ending 2019 and 2020. You have to show all workings. Page 3 Kaplan Business School Assessment 3 Outline Part A Assignment Rubric: 10% Written Letter of Advice Components High Distinction 85 – 100% (Marks 8.5 to 10.0) Distinction 75 - 84% (Marks 7.5 to 8.49) Credit 65 – 74% (Marks 6.5 to 7.49) Pass 50 – 64% (Marks 5 to 6.4) Fail 0 – 49% (Marks 0 to 4.9) Mark Awarded (Out of 10) Written Letter 10% The letter clearly identifies and addresses all the technical issues raised & provides clear, correct & decisive answers displaying an outstanding understanding of each of the technical issues. * It is easy for the client (non- accountants) to understand. The Letter clearly identifies and addresses most of the technical issues raised by the client and provides clear, correct and decisive advice displaying a good understanding of most of the technical issues. * It is easy for the client (non- accountants) to understand. The Letter clearly identifies & addresses some of the technical issues raised by the client and provides reasonably clear, correct and decisive advice displaying a reasonably good understanding of some of the technical issues. * It is relatively easy for the client to understand. The Letter identifies and addresses some of the technical issues raised by the client and provides fairly clear, but not always correct and/or decisive advice. It displays a reasonable understanding of some of the technical issues raised. * It is relatively easy for the client to understand. The Letter does not identify or address the technical issues raised by the client It displays a lack of understanding of some or most of the technical issues raised. *It is difficult for the client to understand. * It does not give correct clear and/or decisive advice on most of the issues raised . Page 4 Kaplan Business School Assessment 3 Outline Important Study Information Academic Integrity Policy KBS values academic integrity. All students must understand the meaning and consequences of cheating, plagiarism and other academic offences under the Academic Integrity and Conduct Policy. What is academic integrity and misconduct? What are the penalties for academic misconduct? What are the late penalties? How can I appeal my grade? Click here for answers to these questions: http://www.kbs.edu.au/current-students/student-policies/. Word Limits for Written Assessments Submissions that exceed the word limit by more than 10% will cease to be marked from the point at which that limit is exceeded. Study Assistance Students may seek study assistance from their local Academic Learning Advisor or refer to the resources on the MyKBS Academic Success Centre page. Click here for this information. http://www.kbs.edu.au/current-students/student-policies/ https://elearning.kbs.edu.au/course/view.php?id=1481 Assessment 3 Information Subject Code: Subject Name: Assessment 3- Individual assignment Assessment Title: Individual Assignment – Written letter of advice, Capital Gains Tax calculations Assessment Type: Weighting: Total Marks: Due by Monday 21 September 2020 @ 19:55 (AEST) Due Date: Your Task This assignment must be presented as an individual effort. The assignment requires individual research using a range of tax resources. It is expected you will survey the relevant literature, including decided cases, and select appropriate additional resources. You are expected to identify the facts and issues presented by each question, identify and apply the relevant legislation and/or case law, and reach a conclusion. This assessment assesses your research skills, your ability to synthesise an original piece of work to specific content requirements. It also assesses your written communication skills. Your reasons for your conclusions and recommendations must be based on your research into the relevant cases and legislation. Please check the marking sheet (included below) for Part A to ensure that you have followed all the guidelines Required The assignment consists of two parts: PART A: Written letter of advice. (10 marks) PART B: Advise net capital gains (losses) to be included in Madison Turner’s tax return for the years ending 2019 and 2020. Include ALL available methods for calculating a capital gain for both years. (10 marks) Taxation Law ACC304 20 20 % PART A: Written letter of advice. Due to COVID-19, Madison was informed by her two current employers that she would be nominated as an eligible recipient for JobKeeper payments from the government. Madison is confused about the tax ramifications of receiving JobKeeper payments and she... PART B: Calculate net capital gains (losses) to be included in Madison Turner’s tax return for the years ending 2019 and 2020. Madison Turner, an Australian resident, seeks advice on the CGT consequences of the following events. She exchanged contracts for the acquisition of an investment property, at market value, on 30 January 1999, paying a 10% deposit of 60,000