TBF3951

Tax planning

Mr Wayne Gumley

6 points
* Caulfield, 3 hours per week, first and second semester
* Distance and second semester
* Prerequisite: TBF3931

Objectives On the completion of this subject students should be able to demonstrate an understanding of how the tax treatment of different types of income and different taxpayers provides taxpayers with opportunities to legally minimise their tax liability; an appreciation of the constraints placed upon taxpayers minimising tax.

Synopsis General tax planning strategies; anti-avoidance legislation; employee deductions; superannuation; salary packaging; negative gearing; income splitting; choice of investment; choice of business structure; financing business assets; purchase and sale of businesses.

Assessment Assignment (2500 words): 30%
* Examination (take home or 3 hours, open-book): 70%

Prescribed texts

Australian income tax legislation CCH, 1996
Barkoczy S Australian tax casebook CCH, 1996
CCH Tax Editors Australian master tax guide CCH , 1996
Lehmann G and Coleman C Taxation law in Australia 4th edn, Butterworths, 1996