Undergraduate - UnitBTW3242 - Business taxation and GST

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

Synopsis

Taxation of business income and abnormal receipts. Business tax reform including the Goods and Service Tax and Ralph Committee reforms. Tax planning issues on acquisition and disposal of a business.

Outcomes

The learning goals associated with this unit are to:

1. describe the taxation issues associated with specific regimes including the Alienation of Personal Services Income Regime, the Simplified Tax System and the PAYG Systems
2. analyse the tax frameworks that apply when conducting a business through companies, trusts, partnerships or sole proprietors
3. analyse business transactions in the context of the Goods and Services Tax
4. apply the appropriate taxation rules that govern purchases and sales of a business.

Assessment

Within semester assessment: 30%
Examination (3 hours, open-book): 70%

Chief examiner(s)

Mr Anthony van der Westhuysen

Contact hours

3 hours per week

Prerequisites

Students must have passed BTG3221 or BTW3221 before undertaking this unit.

Prohibitions

BTC3350, BTF3951, BTG3241