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 2009
Thursday Evenings, 6-8pm

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%)

Courses this unit is available in

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