Which one of the following statements is true?In the decision of Jarrold (Inspector of Taxes) v Boustead (1964) 3 All ER 76 it was held that the fee paid for the relinquishing of amateur status for life was ordinary income for the taxpayer.In the decision of AAT Case 7422 none of the receipts received by the footballer taxpayer were held to be assessable income.In the decision of Scott v Federal Commissioner of Taxation (1966) 117 CLR 514 it was held that the gift of 10,000 pounds by a client to the solicitor was remuneration for services rendered.In the decision of FCT v Whitfords Beach Pty Ltd 82 ATC 4031 it was held that the subdivision and sale of the land had gone beyond the mere realisation of a capital asset, and the sale receipts were assessable income.In the decision of FCT v Rowe 97 ATC 4317 the gratuitous (non-compulsory) reimbursement by the Queensland Government of a taxpayer s legal costs was held to be assessable income for the taxpayer

About this Question

Answered

Approved

Sep 13, 2020

Tutor

GET INSTANT HELP/h4>

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

• As a reference for in-depth understanding of the subject.
• As a source of ideas / reasoning for your own research (if properly referenced)
• For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).

This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

NEW ASSIGNMENT HELP?

Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN A DEADLINE.