Subjects 2009
Taxation of Business and Investment Income A 730602
- Credited Courses: Graduate Diploma in Corporations and Securities Law 538; Graduate Diploma in International Tax 191; Graduate Diploma in Tax 187; Graduate Diploma in Transnational Law 333; Master of Commercial Law 504; Master of International Tax 192; Master of Laws (LLM) 502; Master of Tax 742
Objectives
A student who has successfully completed this subject should:
- Have a detailed knowledge of the foundational principles of law applicable to income taxation
- Have the necessary research skills to master the volume of printed and electronic material available on taxation in Australia and internationally.
Syllabus
This subject is designed to explore in detail the fundamental principles of income tax, fringe benefits tax and capital gains tax.
Principal topics will include:
- Structure of the Australian income tax system
- Structure of the legislation, interaction mechanisms, derivation
- Multi-step transactions
- Deferred payments
- Expense characterisation, calculation of cost
- Valuation, conditions of employment
- Reimbursements, apportionment of deductions
- CGT: Dissecting receipts
- CGT: Part disposals
- Deemed disposals
- Cost base write down
- Creation of liabilities
- Reimbursement/recovery of expenses
- Public policy and income tax rules.
