Australian income tax law
Associate Professor Les Nethercott
6 points
* Two 1-hour lectures and one 1-hour tutorial per week
*
First semester
* Clayton
* Prohibitions: Completion of a Faculty of Law
subject in taxation
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%
Prescribed texts
Australian Income Tax Assessment Act
Nethercott L and Shaw G Australian taxation study manual 6th edn, CCH, 1996
| Published by Monash University, Clayton, Victoria
3168 Copyright © Monash University 1996 - All Rights Reserved - Caution Authorised by the Academic Registrar December 1996 |