Authorised by Academic Registrar, April 1996
Objectives On completion of this subject students should, at an advanced level, in relation to a range of typical transactions, be able to analyse whether the transaction yields an amount of assessable income or generates an allowable deduction; conduct research, and give an informed view on the likely development of the law, in the areas of assessable income and allowable deductions.
Synopsis The law relating to the concepts of assessable income and allowable deductions.
Assessment Research project (5000-7000 words): 50% + Examination (open-book, 3 hours): 50%