LAWS6118 - Taxation of Partnerships & Trusts

Objectives

• Understand the policy for taxing entities in Australia, particularly transparent entities such as partnerships and trusts.
• Learn the detailed rules applicable to the taxation of partnerships and partners and trusts and beneficiaries.
• Apply the tax rules to current practical problems for partnerships and trusts.

Content

Policy for taxing entities; taxation of partnerships and trusts contrasted with companies; classification of entities for tax purposes; taxation of partners; taxation of trusts other than unit trusts and their beneficiaries; taxation of unit trusts and their beneficiaries; taxation of limited partnerships; income splitting and diversion through partnerships and trusts.

Session

Semester 1 2010
Friday Mornings, 8:30am to 10:30am

The timetable is subject to frequent changes. Please refer to the latest version of the Postgraduate Timetable.

Assessment

• Classwork (30%)
• 1 x Exam (70%)

Assumed Knowledge

It is recommended that candidates who are not working in the tax area and have not taken an undergraduate tax unit in Australia in the past five years undertake Tax on Business Structures & Operations - LAWS 6825 before enrolling in this unit. If in doubt, please consult the Taxation Program Coordinator.

Courses this unit is available in

Master of Laws | Graduate Diploma in Law | Master of Business Law | Master of Taxation | Graduate Diploma in Taxation