Question

Q1 Capital works deductions are available for _____

Select one:

a. building construction costs

b. All answers are correct

c. the cost of capital improvements to the surrounding property

d. the cost of altering a building

Q2 Capital works deductions are available for _____

Select one:

a. building construction costs

b. All answers are correct

c. the cost of capital improvements to the surrounding property

d. the cost of altering a building

Q3 the tax agent service legislation includes:

Select one:

a. Income Tax Assessment Act 1936

b. All answers are correct

c. Tax Agent Services Regulations 2009

d. Income Tax Assessment Act 1997

Q 4

__is the general anti-avoidance provisions.

Select one:

a. Division 8 ITAA 1997

b. Division 7A ITAA1936

c. Part IVA ITAA1936

d. Division 11 ITAA1997

Can you check if my answer is right for all these questions (my answer are in dark amount big font )

Answer 1

Question 1& 2

The capital works deduction is available for:

• buildings or extensions, alterations or improvements to a building
• alterations and improvements to a leased building, including shop fitouts and leasehold improvements
• structural improvements such as sealed driveways, fences and retaining walls
• earthworks for environmental protection, such as embankments.

Therefore, Option b) is correct for Question A&B.

Question 3

The tax agent services legislation consists of:

• Tax Agent Services Act, 2009
• Tax Agent servies Regulation, 2009
• Tax Agent Services (Transitional Provisions and Consequential Amendments) Act, 2009.
• Tax Laws Amendment (2013 Measures No. 3) Act 2013.  

It doesnot include Income tax assessment act. Therefore, Option C is correct.

Question 4.

Part IVA of the Income Tax Assessment Act 1936 is the general anti‑avoidance provision for income tax. Therefore, Option C is correct.