Tax planning
Mr Patrick Cussen
6 points * 3 hours per week * First, second semester * Caulfield * Prerequisite: FIN3931
Objectives On the completion of this subject a student should be able to demonstrate: an understanding of how the tax treatment of different types of income and different taxpayers provides taxpayers with opportunities to legitimately minimise their tax liability; an appreciation of the constraints placed upon taxpayers minimising tax.
Synopsis General tax planning strategies; anti-avoidance legislation; employee deductions; superannuation; salary packaging; negative gearing; income splitting; choice of investment; choice of business structure; financing business assets; purchase and sale of businesses.
Assessment Assignment (2500 words): 30% * Final examination (open-book 3 hours): 70%
Prescribed texts
Barkoczy S and Bellamy N Taxation law study guide Syme Department of Banking and Finance, 1994
CCH Tax Editors Australian master tax guide CCH Australia Ltd, 1995
Australian income tax legislation CCH, 1995
Barkoczy Australian tax casebook CCH Australia Ltd, 1994