Offered
Gippsland Second semester 2008 (Off-campus)
Synopsis
Taxation of business income and abnormal receipts. Business tax reform including the Goods and Service Tax and Ralph Committee reforms. Tax planning issues on acquisition and disposal of a business.
Objectives
The learning objectives of this unit are to:
- describe the taxation issues associated with specific regimes including the Alienation of Personal Services Income Regime, the Simplified Tax System and the PAYG Systems;
- analyse the tax frameworks that apply when conducting a business through Companies, Trusts Partnerships or Sole Proprietors;
- analyse business transactions in the context of the Goods and Services Tax;
- apply the appropriate taxation rules that govern purchases and sales of a business.
Assessment
Within semester assessment: 30%
Examination (3 hours, open book): 70%
Contact hours
2-hour lecture and 1-hour tutorial per week
Prerequisites
BTW3221 or equivalent