BTG2221

Taxation law and practice

Mr Wayne Gumley

6 points · One 2-hour lecture and one 1-hour tutorial per week · Distance, approximately 12 hours per week · First semester · Gippsland · Prerequisites: AFG1002, BTG1202

Objectives The subject aims to develop in students knowledge of the legal concepts of taxable income 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 Australian tax jurisdictional issues. 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. Tax administration including audits, objections and appeals.

Assessment Two assignments (each 1500 words): 30% · Examination (3 hours): 70% · Students must obtain a mark of 50% in the examination and subject overall to pass the subject

Prescribed texts

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

Back to the 1999 Business and Economics Handbook