Undergraduate - UnitBTF3951 - Business taxation and GST

This unit entry is for students who completed this unit in 2012 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

Level	Undergraduate
Faculty	Faculty of Business and Economics
Offered	Not offered in 2012
Coordinator(s)	Mr Tony van der Westhuysen

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. Remuneration planning, retirement and estate planning.

Outcomes

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%

Chief examiner(s)

Tony van der Westhuysen

Contact hours

3 hours per week

Prerequisites

BTF2931 or BTF3931

Prohibitions

BTC3350, BTG3242, BTW3242