Capital gains tax
Mr Stephen Barkoczy
6 points * 3 hours per week * First semester * Caulfield * Prerequisite: FIN3931
Objectives On the completion of this subject a student should be able to identify how the capital gains tax provisions of the Income Tax Assessment Act apply to a range of transactions.
Synopsis Assets, acquisitions and disposals; calculation of net capital gains and losses; tax payable; application of capital gains tax to trusts, companies, shareholders, partnerships, superannuation funds, deceased estates, lease transactions; international aspects of capital gains tax, exemptions, roll-over provisions.
Assessment Either assignment (5000 words): 50% * Final examination (open-book 3 hours): 50% or Final examination: open-book 3 hours: 100%
Prescribed texts
Australian income tax legislation CCH, 1995
Barkoczy S Australian tax casebook CCH, 1994
Lehmann G and Coleman C Taxation law in Australia 3rd edn, Butterworths, 1994