TBF5530

Capital gains

Associate Professor Stephen Barkoczy

12 points
* 3 hours per week
* Caulfield

Objectives On completion of this subject students should, in relation to a range of typical transactions, be able to identify and analyse the taxation issues that arise from such transactions under Part IIIA of the Income Tax Assessment Act 1936 (Cth); conduct research into, and give an informed view on the likely development of the law on the taxation of capital gains.

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

Prescribed texts

Australian income tax legislation CCH, latest edn