BTF4460

Capital gains tax

Mr Neil Bellamy and Mr Bill Orow

6 points · 3 hours per week · First semester · Caulfield · Prerequisite: BTX3931

Objectives On completion of this subject students should be able to identify how the capital gains tax provisions of the Income Tax Assessment Act apply to a range of transactions.

Synopsis Topics include assets, acquisitions and disposals; calculation of net capital gains and losses and 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 provision; avoidance of capital gains tax.

Assessment Either assignment (5000 words): 50% · Examination (3 hours, open book): 50% · or examination (3 hours, open-book): 100%

Prescribed texts

Australian income tax legislation CCH, latest edn
Barkoczy S Australian tax casebook CCH, latest edn

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