Taxation of capital gains 700
Mr T Murphy
One 2-hour seminar weekly over 13 weeks * Second semester
This subject involves a detailed analysis of Australia's capital gains provisions from both a policy and practical perspective. Topics covered will include current common law distinction between ordinary income and capital gains; comparative statutory tests; realisation timing; exceptions and exclusions; non-business rollovers; capital gains taxation in the family; capital losses; corporate realisation and rollovers; partnership and sole proprietor situations; capital gains and trusts; intangible assets; capital gains and depreciated property; personal assets; inflation and capital gains.
Assessment
Take-home examination: 40% * Research paper: (6000 words): 60%