CASE STUDY $-$ VERSION $3$

Alaia Docherty is a single resident taxpayer who is employed as a tour guide by Ocean World. Alaia also holds investments including shares and real estate and has provided details of transactions that she believes relate to the $2023$ income year.

You are required to provide the following information to assist with the preparation of Alaia's $2023$ income tax return PART A

Calculate Alaia's Net Capital Gain

Identify the relevant section reference for any exemption or exclusion.

Clearly outline all steps in the calculation

PART B

Calculate Alaia's Assessable income

Identify the relevant section reference for each inclusion or exclusion.

Clearly show all necessary workings

PART C

Calculate Alala's Allowable Deductions

Identify the relevant section references for each inclusion or exclusion

Clearly show all workinqs

Apply any avalable alternatires to obtain the maximum deduction available.

PART D

Calculate Alaia's net tax payable or refund due.

Clearly show all workings

RECEIPTS DURING $2022/23$

$\backslash$table$[[$DATE$,$DESCRIPTION,$$,$NOTES$],[$FULL YEAR,Net Wages,$68\mathrm{.}700,$PAYGW totalled $$23\mathrm{.}300$