Taxation

• Subject Name: Taxation

Case Study: Block Holdings Question 1 The case scenario depicts Mr. Block and Mrs. Block as the only shareholders and directors of Block Holdings, through which they purchase two properties in an area comprising of extensive real estate development. The properties were used for a horse riding school and generated profit for over seven years and even underwent improvements. However, post the COVID-19 outbreak, a zoning change was proposed wh…

• Subject Code : acc3tax
• University : La Trobe University My Assignment Services is not sponsored or endorsed by this college or university.
• Subject Name: Taxation

Assessment  Table of Contents Taxation  Issue 1- Whether the PSI rules are applicable  Determination of PSI or PSB by applying the PSI tests  Issue 2 : Whether income should be reported using cash basis or accrual basis of accounting  Determination of the suitable method  Issue 3 – Deductibility of Business expenses  Determination of the above issue  Issue 4: Taxability of c…