Authorised by Academic Registrar, April 1996
Objectives On the completion of this subject students should be able to identify how the capital gains tax provisions of the Income Tax Assessment Act apply to a range of transactions.
Synopsis Topics include assets, acquisitions and disposals; calculation of net capital gains and losses; tax payable; application of capital gains tax to trusts, companies, shareholders, partnerships, superannuation funds, deceased estates, lease transactions; international aspects of capital gains tax, exemptions, roll-over provisions, avoidance of capital gains tax.
Assessment Either assignment (5000 words): 50% + Examination (3 hours, open-book): 50% + or + Examination (3 hours, open-book): 100%