Curtin University
Curtin Law School
TAXA5001
Semester 1 2017 Essay

Information:
The essay must be between 1,000 – 1,500 words in length (inclusive of footnotes).
The essay is worth 20% of the total marks for this unit.
It must be lodged on-line via Assessments on Blackboard.
It is due by 9.00 a.m. WST Friday 28th April 2017. The link for lodgement of this essay will be automatically removed at 9.00 a.m. WST on Friday 28th April 2017. Late lodgement of the assignment will attract penalties.

Essay Topic – Do both Parts A and B
Part A (700 – 1,000 words)
Gertie and Eddie are getting divorced. They have one jointly-owned asset – a rental property. It is currently worth $600,000 and has no mortgage on it.
It has been decided that Eddie will obtain a mortgage for $300,000 and pay-out Gertie.
Eddie has sought your advice regarding the deductibility of the interest and borrowing expenses against the rental income.
Research this problem. In presenting your argument provide any relevant sections, cases and rulings which may support your position. You should also provide commentary on any opposing arguments.
This section must be referenced in accordance with the Australian Guide to Legal Citation (AGLC). A summary of this document has been provided on Blackboard.
Part B (300 – 500 words)
Prepare a letter of advice to Eddie.
For this section it is not necessary to use referencing.