Authorised by Academic Registrar, April 1996
Objectives On completion of this subject the student should be able to understand the taxation concept of income; recognise the major income and education components comprising taxable income; identify the main taxable entities and understand how they are taxed; understand and apply the administrative aspects of law; demonstrate an awareness of current tax developments.
Synopsis This subject covers assessable income including capital gains and recent developments; allowable deductions including repairs, deductions and substantiation; taxation of companies and their shareholders; administrative provisions including objections, appeals and self-assessment; and anti-avoidance provisions
Assessment Written (1000 words): 10% + Examination (3 hours): 90%