Postgraduate coursework

LAWS6840 - Taxation of Business & Investment Income A

Objectives

Understand the policy for taxation of business and investment income and expenses.
Learn the detailed rules applicable to the taxation of business and investment income and expenses.
Apply the rules to selected complex commercial transactions.

Content

Core income and expense deduction rules, and operational concepts underlying the income tax system; treatment of realised business income and the differentiation of gains liable only to CGT; treatment of business expenses and the differentiation of expenses recoverable under depreciation, CGT regimes or not at all; issues in the treatment of trading stock; issues in the tax treatment of the costs (and revenues) associated with business equipment.

Session

Semester 1 2010
Thursday Evenings, 6-8pm

This unit can be taken alone or in conjunction with LAWS 6841 - Taxation of Business and Investment Income B. This unit is designed for candidates who already have a sound grasp of the Australian tax system and who wish to deepen their tax skills and expertise by further study. If you are not currently working in tax, or if you have not undertaken undergraduate tax study in Australia within the past five years, it is recommended that you undertake LAWS 6825 - The Impact of Tax on Business Structures and Operations before enrolling in this unit. If in doubt, consult a member of the academic staff in the tax program.

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

Assessment

1 x 3,000 Word Essay (30%)
1 x Two-Hour Exam or 1 x 7,500 Word Research Paper (70%)

Prohibition

LAWS 6190

Courses this unit is available in

Sydney Law School