Discuss below in a 2000 words:
1. A good answer will demonstrate the following qualities:
(i) A sound grasp of the relevant legal issues and tax principles.
(ii) An ability to apply the tax and law principles in your calculations
(iii) A good command of the English language and the ability to produce a document that meets professional standards in relation to grammar, spelling and punctuation.
2. Format: Answers must be typed and double-spaced. Page margins should be the usual Word default margins (approximately 2.5cm). Use Calibri with 12 point font.
3. Bibliography: No bibliography is required.