BTF4230 - Taxation of capital gains
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Bill Orow
Offered
Not offered in 2009
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 commercial 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
Within semester assessment (optional): 30%
Examination (3 hours, open-book/take-home): 70% or 100%
Contact hours
3 hours per week on-campus and/or intensive mode over summer (both 39 hours in total)