“According to s 8-1 (1) You can deduct from your assessable income any loss or outgoing to the… 1 answer below »

Firstly, please do not copy out sections of the legislation. In the past, students have written something like this:

“According to s 8-1 (1) You can deduct from your assessable income any loss or outgoing to the extent that:

(a) It is incurred in gaining or producing your assessable income; or

(b) It is necessarily incurred in carrying on a business for the purpose of gaining or producing your assessable income.”

However, you cannot deduct a loss or outgoing under this s to the extent that:

(a) it is a loss or outgoing of capital, or of a capital nature; or

(b) it is a loss or outgoing of a private or domestic nature; or

(c) it is incurred in relation to gaining or producing your exempt income or you non-assessable non-exempt income; or

(d) a provision of this Act prevents you from deducting it.”

This takes up 126 words and all the student has done is copy from the legislation which will achieve NO marks. We know what s 8-1 says so you DO NOT need to write it out. You should cite section 8-1 (or other sections) in your explanation but don’t write out the sections.

Secondly, we have learned to use the IRAC method in tutes. You should think about this method when explaining the different deductions and capital gains but do not use it as strictly as in the tutes. Using headings such as “Issue”, “Rule”, “Application” and “Conclusion” like we do in the tute answers is not appropriate in a written report. However, you should still cover these things in your consideration of the items in the assignment. You should state relevant rules and apply them to the situation to reach a conclusion on each item, just write it as sentences and do not use the headings. For some items this can be done in just one or two sentences.

Using bullet points is NOT appropriate in the assignment. Your written section must be in proper paragraphs with good English expression.

and if you need any lecture material please let me know and please provide the proper calculation for each part and reference the appendix in body for justification.


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