Application of The Small Business Concessions Essay Assignment
Order ID:89JHGSJE83839 Style:APA/MLA/Harvard/Chicago Pages:5-10 Instructions:
Application of The Small Business Concessions Essay Assignment
Required: Assuming none of the transactions give rise to ordinary income, discuss the CGT consequences of the following for all of the named parties. In your answer, ignore any possible application of the small business concessions.
Amber inherited the following items during February 2018 from her aunt: House A, which had been purchased by her aunt in 2010 for $300,000 and used by the aunt as her main residence. As at February 2018, it was worth $600,000. Amber sold this house in June 2020 for $700,000 House B, which had been purchased by her aunt in 2012 for $400,000 and used by her aunt as a rental property. As at February 2018, it was worth $700,000.
Amber sold this house in June 2020 for $900,000. A piece of artwork that had been purchased by her aunt in 1982 for $50,000. Its market value as at February 2018 was worth $400,000. This artwork was destroyed in June 2020, and insurance paid Amber $350,000 due to this. Miriam purchased a house on 1 April 2016 for $400,000 and commenced renting it out immediately.
On 1 April 2018, when it was worth $800,000, she moved into it and claimed it as her main residence. She sold it for $900,000 on 1 April 2020. Chris sold his shop to Di and, as part of the agreement, Di paid him $300,000 to not open up a competing shop within a 10 km radius of the existing shop for a period of 2 years. Chris and Di each incurred legal fees of $2000 for setting up this agreement. Kayla opened up a new store on 1 January 2014 and paid the owner of the building, Jessie, a $30,000 upfront payment for entering into the 3-year lease (expiring on 31 December 2017), as well as monthly
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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Application of The Small Business Concessions Essay Assignment