BAAFM TAX ASSIGNMENT
Real Life Case study - Write briefly about a RECENT COURT case that happened in Singapore or any other country where the issue was about income and Capital.
EXECUTIVE SUMMARY [ONE PAGE ONLY]
INTRODUCTION: The purpose of the report [What is the objective of this paper]
BODY: Definition of Income
Definition of Capital
Eisner v Mccomber - Court Case
Cite an example of income and capital
How to distinguish between them?
Why is it important to distinguish between them: Singapore (no tax on capital & only income is taxable) and Australia (or any other country of your choice) (income and capital is taxable).
Conclusion - To sum up the report of capital and income
[WORD LIMIT 1500 WORDS plus minus 10% excluding executive summary and references]
References At least 8 [4 off line and 4 online] - In the report, citations are relevant. (USE HARVARD REFERENCING METHOD).