Taxation Law 1

Course aim

To introduce students to income tax and to satisfy the educational requirements of the professional accounting bodies.

Course content

Introduction to the income tax system; ordinary income; derivation of income; statutory income; exempt income; residence; introduction to capital gains tax; general deductions; specific deductions; tax offsets; depreciation; trading stock; carrying on business; taxation treatment of partnerships, trusts, minors and companies, including dividend imputation; anti-avoidance provisions; tax planning; tax administration.

Textbook(s)

Nil

Prerequisite(s)

Subject Area & Catalogue Number	Course Name
Group 2 All Other Programs
COML 2005	Companies and Partnership Law
Group 1 DBCF - Bachelor of Business (Finance)
LAWS 1018	Business Law
BANK 2008	Introduction to Financial Planning

Corequisite(s)

Nil

Teaching method

Component	Duration
INTERNAL, CITY WEST
Preparatory	1 x 1 week
Lecture	1.5 hours x 10 weeks
Tutorial	1.5 hours x 10 weeks
EXTERNAL, CITY WEST, ONLINE
External	30 hours x NA
INTERNAL, OFFSHORE, TAYLOR'S BUSINESS SCHOOL
Workshop	35 hours x NA

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Assignment, Examination

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 3)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.