Taxation law and practice
Mr Murray Crawford and Mr Phillip Moore
6 points * One 2-hour lecture and one 1-hour tutorial per week * Distance approximately 12 hours per week * First semester * Gippsland * Prerequisites: GBU1002, GBU1202
Objectives The subject aims to develop in students knowledge of the legal concepts of taxable revenue and deductible outgoings. It aims also to provide students with the skills required in problem solving, advising clients on their taxation liabilities, and challenging decisions of the Australian Taxation Office in the Tribunal and Court system.
Synopsis Tax administration including audits, objections and appeals. Assessable income from personal exertion, property and business. Capital gains tax and fringe benefits tax. Exempt income. Deductions for both general and specific trading stock. Taxation of partnership, company and trust income.
Assessment Assignment one (1500 words): 15% *Assignment two (1500 words): 15% * Examination (3 hours): 70% * Students must obtain a mark of 50% in the examination and subject overall to pass the subject.
Prescribed texts
CCH (eds) Master Tax Guide, (latest edn) CCH
Wallschutzky I G and Payne GL Tax Questions and answers Butterworths, 1994
Woellner R H and othersAustralian taxation law 5th edn, CCH, 1994
Current legislation