BTF5230 - Taxation of capital gains

Leader: Dr Bill Orow

Offered

Not offered in 2007

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

The learning goals associated with this unit are to:

• explain the nature and scope of gains that are potentially subject to the capital gains tax regime;
• explain the statutory framework for the taxation of capital gains;
• explain the characterization of gains as gains on revenue and capital account;
• analyse a wide range of CGT events and assets and the process of calculation of capital gains; international aspects of the regime, rollovers and the application of the regime to various entities like trusts and partnerships;
• identify developments, statutory and judicial, pertaining to the taxation of capital gains and the manner and methods employed in the application of such principles to practical situations.

Assessment

Research paper (6000 words): 40%
Examination (Take home): 60%

Contact hours

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

Prerequisites

BTX5651

Prohibitions

BTF4460, BTF5530, BTF4230