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TABL2751-Introduction to Tax Law - Term 3, 2025

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Jen has a taxable income of $92,000 for the 2024-25 income year. For the purposes of this example Lyn’s repayment income (RI )is the same as the taxable income. Jen has a HELP debt of $ 3,250 on 30 June 2025.

Jen’s HELP repayment for 2024-25 is
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The term ‘income’ is often conceptualised by reference to both negative propositions and positive propositions. Which of the following statements is incorrect?
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Sam, a resident individual for Australia for income tax purposes, has assessable income of $77,000 for the current income year. Sam has deductions of $500 and is supporting an elderly, invalid parent. The parent has $500 in income for the year from a cash dividend received during the tax year.

Calculate Sam’s taxable income.
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In Kelly v FCT 85 ATC 4283, the prize received was:
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Lyn has a taxable income of $82,000 for the 2024-25 income year. For the purposes of this example Lyn’s repayment income (RI )is the same as the taxable income. Lyn has a HELP debt of $29,600 on 30 June 2025.

Lyn’s HELP repayment for 2024-25 is
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50%
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50%
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Joyce, aged 40, is a politician and a member of the New South Wales parliament for the seat of Kingsford. As a member of the New South Wales parliament, she is paid $188,000 per year. Joyce has very strong views on mining, especially coal mining, and is strongly opposed to imposing too may environmental restrictions on mining projects because mining is good for jobs and regional (country) communities. Joyce rarely does interviews with journalists as she does not trust them. However, the Four News TV station has secured an interview with Joyce whereby Joyce will make herself available for interview over two-days. In return, Joyce will be paid a lump sum of $30,000 by Four News. The interview(s) took place on 12 and 13 February and Joyce was paid $30,000 on 28 February 2024.

From the above facts, which of the following is most correct in respect to Joyce?
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In the case of Westfield Ltd v FCT (1991) 21 ATR:
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Samantha is an Australian resident taxpayer. She is single with no dependents.

Samatha operates a cafe in Sydney as a sole trader. For the income year ended 30 June 2024, the assessable income derived from her business was $175,000. The deductions from the business were $88,500.

She also had a weekend job at a local shopping centre from which she derived assessable income of $18,000. Her personal deductions (e.g. gifts to charities, tax agent’s fee, work related expenses) amounted to $ 700 for the year. You can assume that all these expenses can be substantiated.

Samantha has an accumulated higher education loan program (HELP) liability/debt of $5,800 as at 30 June 2024. Samantha does not have private health insurance.

Samantha’s liability to the ATO for the 2023-24 income year is:

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