TBF5500

Income and deductions

Associate Professor Stephen Barkoczy

12 points
* 3 hours per week
* Caulfield

Objectives On completion of this subject students should, at an advanced level and in relation to a range of typical transactions, be able to analyse whether the transaction yields an amount of assessable income or generates an allowable deduction; conduct research into, and give an informed view on the likely development of the law, in the areas of assessable income and allowable deductions.

Synopsis The law relating to the concepts of assessable income and allowable deductions.

Assessment Research project (5000- 7000 words): 50%
* Examination (open-book, 3 hours): 50%

Prescribed texts

Lehmann G and Coleman C Taxation law in Australia latest edn, Law Book
Barkoczy S Australian tax casebook CCH, latest edn
Australian income tax legislation latest edn