Monash University Handbook 2010 Undergraduate, Postgraduate - Unit

Synopsis

Topics include CGT assets, CGT events, calculation of net capital gains and losses, rollovers, application of the CGT regime to trusts, companies, shareholders, partnerships, and international aspects of the CGT regime.

Objectives

The learning goals associated with this unit are to:

• understand the manner in which the taxation system brings into account gains of a capital nature
• develop a sound knowledge of the statutory and case law as well as administrative rulings of the Australian Taxation Office that relate to the taxation of capital gains
• apply the relevant principles to specific commercial transactions whether in the form of business or investment that general capital gains
• conduct relevant research of possible new developments in the law relating to the taxation of capital gains. More specifically, students would develop a sound understanding of the nature and operation of CGT events that operate subject to taxation capital gains, the manner in which capital gains are calculated and the availability of rollovers and other concessions.

Assessment

Within semester assessment (optional): 30%
Examination (3 hours, open-book/take-home): 70% or 100%

Contact hours

3 hours per week on-campus and/or intensive mode over summer (both 39 hours in total)

Prerequisites

BTX9651

Prohibitions

BTF5230