LAW514 Australian Taxation (16)
Enrolment Restriction: Postgraduate students only. Not available to students who have completed LAW513 or LAW518.
This subject provides an intensive analysis of the Australian taxation system. The focus is on the concepts of assessable income, allowable deductions, capital gains tax, tax rates and tax offsets. Special provisions of taxation viz repairs, depreciation, and capital allowances are also examined. Partnership taxation, taxation of trusts and company taxation provisions are reviewed. Fringe benefits tax is explored, and the Goods and Services Tax including its impact on business is also examined. Tax avoidance is dealt with and attention is also given to international taxation issues such as double taxation agreements.