Undergraduate - UnitLAW5152 - Taxation law 506

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

Synopsis

The unit covers the concepts of income taxation and the taxation of capital gains, in their underlying historical, social and constitutional contexts. It includes the policy and constitutional matrices of taxation, the legal definition of income, taxation of income from personal services and business, taxation of fringe benefits, indirect taxation on goods and services, taxation of capital gains, allowable deductions from gross income in personal and business contexts and the general effect of anti-avoidance legislation.

Outcomes

On completion of this unit students should have

1. a basic, up-to-date knowledge of income tax law;
2. an appreciation of taxation law in its historical and constitutional context;
3. a critical knowledge of the central concepts involved in the operation of the income tax system;
4. an awareness of the current tax mix in Australia;
5. an understanding of the dynamic nature of taxation law and the reasons for this dynamism;
6. a clear understanding of the policy issues underlying taxation;
7. developed the ability to evaluate critically new tax proposals;
8. developed skills of statutory interpretation in the context of technical and complex legislation.

Assessment

Research assignment (2000 words): 40% and examination (2.5 hours plus 30 minutes reading and noting time): 60% OR examination (2.5 hours plus 30 minutes reading and noting time): 100%

Chief examiner(s)

Professor Stephen Barkoczy

Contact hours

3 hours per week over 12 weeks

Prerequisites

LAW1100 or LAW1101 and LAW1102 or LAW1104