Capital gains tax
Associate Professor Stephen Barkoczy
6 points
* 3 hours per week
* First, second semester
* Caulfield
* Prerequisite: FIN3931
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 Assets, acquisitions and disposals; calculation of net capital gains and losses and 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%
Prescribed texts
Australian income tax legislation CCH, 1995
Cooper G Capital gains tax latest edn, Butterworths
Lehmann G and Coleman C Taxation law in Australia 3rd edn, Butterworths, 1994
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