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    Business Law

    Taxation Assignment Help

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    Taxation Assignment Help


    In the given case study, John has applied for the license to run a casino in Melbourne city. The Victorian government has provided him with license for a period of 10 years. Additionally, the government has also provided him the authority of the casino building for period of 90 years. The cost of the getting license from the government was $180 million and the rent that must be paid for 10 years was $80 million. Apart from this, the rent that John must pay per year for next 80 years will be $400,000. The overall amount that he has paid is both revenue as well as capital expenditu

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