Background facts: Dr Cela immigrated to Australia with her parents in 1985 and has since been a resident for taxation purposes. While she had the privilege of a good education, her parents had a low level of education and worked in factories until they recently retired with a low superannuation balance and their family home. Dr Cela has taxable income of $300,000 in the 2019 income year, and it will remain $300,000 for the next 11 years. She has been using negatively geared rental properties to reduce her taxable income for many years. In order to assist her parents, Dr Cela has purchased an apartment near her home in Hawthorn for her parents to retire in. This enabled her parents to sell their home, then travel and live comfortably for the remaining decade on its proceeds and th
LENGTH: 2,000 words excluding footnotes and appendices. SUBMISSION: The assignment is an individual piece of work. The only method for submission of the assignment is as a soft copy. The soft copy is to be uploaded to the collaborate website for this unit in the assessment Dropbox. REFERENCING: AGLC, Harvard or Oxford are acceptable. Although […]