BTC3150

Australian income tax law

Mr Grant Richardson and Associate Professor Les Nethercott

6 points · Two 1-hour lectures and one 1-hour tutorial per week · First semester · Clayton · Prohibitions: Completion of a Faculty of Law subject in taxation; BTC3153

Objectives On completion of this subject the student should be able to understand the taxation concept of income; recognise the major income and education components comprising taxable income; identify the main taxable entities and understand how they are taxed; understand and apply the administrative aspects of law; demonstrate an awareness of current tax developments.

Synopsis This subject covers the tax concept of assessable income including capital gains and recent developments; the tax concept of allowable deductions including repairs, deductions and substantiation; taxation of companies and their shareholders; administrative provisions including objections, appeals and self-assessment; and anti-avoidance provisions.

Assessment Two class assignments: 10% · Written case study (12000 words): 10% · Examination (3 hours): 80%

Prescribed texts

Barkoczy S Australian tax casebook CCH, latest edn
Barkoczy S, Nethercott L J and Morabito V Core tax legislation and study guide CCH, latest edn
Nethercott L J and Shaw G L Australian taxation study manual CCH, latest edn
Woellner R H, Vella T J, Burns L and Barkoczy S Australian taxation law CCH, latest edn

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