Postgraduate - UnitBTG9221 - Taxation law and practice

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Synopsis

This subject provides an introduction to Australian taxation law and practice. Topics include: Australian tax jurisdictional issues, assessable income from personal exertion, property and business, capital gains tax and fringe benefits tax, exempt income, deductions, both general and specific, accounting for trading stock, taxation of partnership, company and trust income, GST and tax avoidance and evasion.

Outcomes

The learning goals associated with this unit are to:

1. describe the constitutional and administrative framework in which the federal taxation system operates
2. describe fundamental tax concepts, such as the concepts of income, capital, deductible expenses, residence of the taxpayer, source of income and derivation of income
3. critically analyse the fundamental distinctions between
   1. receipts of income and capital and
   2. deductible and non deductible outgoings
4. describe the special treatment given to different types of taxpayers, such as companies, trusts, partnerships and non-residents
5. analyse (and apply) legislative provisions and court decisions relating to taxation matters.

Assessment

Within semester assessment: 30%
Examination (open-book): 70%

Chief examiner(s)

Dr Ashraf Kazi

Prerequisites

BTG9270

Prohibitions

BTX9651