BTF4230

Taxation of capital gains ( 6 points, SCA Band 3, 0.125 EFTSL)

Leader: Dr Bill Orow

Offered:
Caulfield Summer 2006 (Day)

Synopsis: Topics include CGT assets, CGT events; calculation of net capital gains and losses; rollovers, application of the CGT regime to trusts, companies, shareholders, partnerships, and international aspects of the CGT regime.

Objectives: Upon completion of this unit, students should be able to: understand the manner in which the taxation system brings into account gains of a capital nature; develop a sound knowledge of the statutory and case law as well as administrative rulings of the Australian Taxation Office that relate to the taxation of capital gains; apply the relevant principles to specific comemrcial transactions whether in the form of business or investment that general capital gains; and conduct relevant research of possible new developments in the law relating to the taxation of capital gains. More specifically, students would develop a sound understanding of the nature and operation of CGT events that operate subject to taxation capital gains, the manner in which capital gains are calculated and the availability of rollovers and other concessions.

Assessment: Option 1: Research assignment (3000 words): 30% + Examination (3 hours, Open book/take home): 70% Option 2: Examination (3 hours, Open book/take home): 100%

Contact Hours: Three hours per week on-campus and/or intensive mode over summer (both 39 hours in total).

Prerequisites: BTX5651

Prohibitions: BTF4460, BTF5530, BTF5230