Renovations Pty Ltd (“RPL”) has been in the business of home renovation for over 30 years. Following a downturn in the renovations market however,…

Renovations Pty Ltd (“RPL”) has been in the business of home renovation for over 30 years. Following a downturn in the renovations market however, RPL sought out new sources of income. In 2012, RPL decided to purchase old run-down houses in the inner-city, renovate them and lease them out for very high rents.

After some time, the directors of RPL decided that the company should again concentrate on its core business activity. Consequently, in the current tax year (2017/2018) RPL sold the houses it had renovated for rental and made large profits.

Haven’t Found The Relevant Content? Hire a Subject Expert to Help You With
Renovations Pty Ltd (“RPL”) has been in the business of home renovation for over 30 years. Following a downturn in the renovations market however,…
Post Your Own Question And Get A Custom Answer
Hire Writer

With reference to legislation and case law, advise RPL on the tax implications regarding the profits it made during the 2017/2018 tax year.

You are not required to undertake any capital gains calculations, the focus of this question is income principles and concepts only. 

Jack is the state sales representative for Quantum Vaccum Cleaners Pty Ltd (“QVC”), a supplier and retailer of vacuum cleaners. On 1 October 2017, QVC supplied Jack with a car valued at $65,000 for work which was garaged at Jack’s home on the weekends.

Also on 1 December 2017, QVC loaned Jack $10,000 at 2% interest pa and provided him with a vacuum cleaner which retails for $2,000, a car air freshner valued at $75 to help keep the car smelling fresh. Jack used the money to pay for repairs to his investment property.

By 31 March 2018, Jack had travelled a total of 12,700 kms in the car, with 3000 kms being for private use on weekends. QVC pays $20,000 a year in lease payments in respect of the car and has to date paid $4,000 for maintenance and repairs and $3,500 for registration and insurance in relation to the car it provided Jack. Jack has paid $5,000 in fuel expenses. Jack keeps all invoices, receipts and odometer readings.

QVC is unsure how the above will be treated for taxation purposes and has come to you for advice.

Required: By reference to legislation and relevant case law (if any), calculate the total tax liability arising from the above transactions.

Why Hire a Professional Essay Writer from MyHomeworkGeeks

Quality Urgent Essays

Domyhomeworkk online platform provides the best essay writing service ever received elsewhere, thanks to our professional essay writers. Experience gained in the 10+ years of being in the assignment writing industry is also an added advantage.

Professional and Experienced Academic Writers

A lot is done to maintain us as the best essay writing service provider. Besides owning a degree from a recognized university, a writer must pass the rigorous tests we take them through before they are considered eligible to offer urgent essay help on our website.

Affordable Urgent Assignment Help

Who said a reliable website should not be cheap also? While it is human nature to associate prices with quality, that does not always work. At, we guarantee you cheap and urgent essay help without compromising the quality.

24/7 Available Urgent Essay Writing Service

Whether it is a ‘write my essay for me cheap’ or ‘edit my essay’ order you want to request, always feel free to reach us at any time of the day. Our experts work in shifts to ensure that you access urgent essay writing services at any time of the day.

Plagiarism Free Essays Online

The punitive measures that come with plagiarized content are so harsh, and we understand that. We consequently ensure to write each client’s papers from scratch no matter how urgent the essay is. To acknowledge borrowed content, our quick writer references and cites the work.

Wow Customer Support 24/7

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

So much stress and so little time? Take care of yourself: let us help you with your tasks. We offer all kinds of writing services.


Custom Essay Writing Services

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.


Admission and Business Papers

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.


Editing and Proofreading

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.


Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.

Have a homework question? Get help from verified tutors now!