TBF4460

Capital gains tax

Mr Neil Bellamy

6 points
* 3 hours per week
* First semester
* Caulfield
* Prerequisite: TBX3931

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, latest edn
Barkoczy S Australian tax casebook CCH, latest edn