BTC3150

Australian income tax law

(BUS)

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

Synopsis: 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%