BTC9100

Income tax law

(BUS)

Mr Grant Richardson

3-hour session per week + First semester + Clayton

Synopsis: Topics include the tax concept of assessable income including consideration of receipts in relation to employment and fringe benefits; capital gains tax, trading stock; the tax concept of allowable deductions including consideration of section 51; substantiation; repairs; depreciation; other deductions and carry forward losses; dividends and company taxation; partnerships and trusts; administrative provisions including objections, appeals and self-assessment, and tax avoidance.

Assessment: Written: 20% + Examination (3 hours): 80%