Capital gains tax
Associate Professor Stephen Barkoczy
6 points
* 3 hours per week
* First semester
* Caulfield
*
Prerequisite: FIN3931
Objectives On 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 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 provision; 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
Barkoczy S Australian tax casebook CCH, 1994
Cooper G Capital gains tax latest edn, Butterworths
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