Recent Question/Assignment
I am sending U my question. I need 1000 words as I told U before.
question 1 General deductions
What is your view re: compulsory business expenses and their
deductibility under s8-1 ITAA97 where they are incurred AFTER the
business ceases to operate? How does this compare to expenses
such as legal fees? (5 marks)
2) Question “Specific Deductionsâ€Â
Explain the difference between capital improvements compared to
Repairs and Maintenance, giving consideration to a taxpayer who owns a
rental property. (5 marks)