hi there i ve got a taxation law assignment due by monday 12 noon the maximum word l 766237

Hi there I’ve got a taxation law assignment due by Monday 12 noon. The maximum word limit for the assignment is 1000 words. 900 words for the assignment should do just fine. Harvard referencing. I’ll give you the question below. Thank you for your help.

The question:

The purpose of the assignment is to assess a student’s ability to:

1. identify the facts available;

2. identify the taxation issues arising;

3. research the relevant law;

4. apply the law to the facts identified; and

5. form an opinion.

REQUIRED

Taking the above Learning Outcomes into consideration, your assignment is to

prepare a written opinion addressed to your client, Water-Jet Ferries. It should be

no longer than 1,000 words.

ASSIGNMENT

Water-Jet Ferries is a successful ferry operator providing roll-on/roll-off ferry

services to the larger islands off the coast using vessels that are propelled by

water-jets powered by diesel engines. Over the last twelve months the company’s

profitability has been badly affected by rising fuel costs and a fall in patronage. As

a consequence management has decided to examine the possibility of modifying

the existing engines to reduce their fuel consumption. Not only would the

modifications result in reduced fuel costs, the modified engines would produce

increased power permitting the vessels to travel at higher speeds and so enable

more services to be provided. A further benefit would be that the modified engines

would be environmentally friendlier which is important to the island communities

serviced by the company.

Their decision was arrived at after receiving advice from the engine manufacturer

that Water-Jet would be able to treat the modifications as a repair and by doing so

claim a tax deduction for the cost incurred.

Water-Jet has requested your company to provide them with an opinion as to the

correctness of this claim by the engine manufacturer. Your opinion, which should

also include an outline of the alternate tax treatment(s)that may be available, must

be supported by reference to any applicable tax legislation and/or case law.

Attachments: