TBB2221

Taxation law and practice

Mr Phillip Moore

6 points
* One 2-hour lecture and one 1-hour tutorial per week
* First semester
* Berwick
* Prerequisites: AFB1002, TBB1202

Objectives The subject aims to develop in students knowledge of the legal concepts of taxable revenue and deductible outgoings. It aims also to provide students with the skills required in problem solving, advising clients on their taxation liabilities and challenging decisions of the Australian Taxation Office in the tribunal and court system.

Synopsis Tax administration including audits, objections and appeals. Assessable income from personal exertion, property and business. Capital gains tax and fringe benefits tax. Exempt income. Deductions for both general and specific trading stock. Taxation of partnership, company and trust income.

Assessment Two assignments (each 1500 words): 30%
* Examination (3 hours): 70%
* Students must obtain a mark of 50% in the examination and subject overall to pass the subject.

Prescribed texts

CCH (eds) Master tax guide (latest edn), CCH
Woellner R H and others Australian taxation law 7th edn, CCH, 1997