BTW3242 - Business taxation and GST

Leader(s): Mr Anthony van der Westhuysen

Offered

Gippsland Second semester 2009 (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 goals associated with 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

One 2-hour lecture and one 1-hour tutorial per week

Prerequisites

BTW3221 or equivalent

Prohibitions

BTC3350, BTF3951