LAW505 Taxation 1 (8)
Abstract| The focus of this subject is 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. Fringe benefits tax is explored, and the Goods and Services Tax including its impact on business is also examined. |
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+ Subject Availability Modes and Location
| Session 1 | | Online* | Wagga Wagga Campus | | On Campus | CSU Study Centre Melbourne | | On Campus | CSU Study Centre Sydney | Session 2 | | On Campus | CSU Study Centre Brisbane | | On Campus | CSU Study Centre Melbourne | | On Campus | CSU Study Centre Sydney |
*This subject offering contains a residential school. Please view following information for further details.
Continuing students should consult the SAL for current offering details: LAW505
Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.
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Subject information| Duration | Grading System | School: |
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| One session | HD/FL | School of Accounting and Finance |
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Enrolment restrictions|
Postgraduate students only. Not available to students who have completed LAW514. |
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| Prerequisite(s) | Incompatible subject(s) |
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| LAW504 or LAW511 | LAW514 |
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Learning OutcomesUpon successful completion of this subject, students should:
- be able to identify and explain the rules of law relating to taxation law topics covered in the subject
- be able demonstrate a capacity to engage in legal research
- be able to use legal research skills to apply the law to legal problems relating to taxation so as to reach a solution
- be able to analyse legal rules so as to differentiate between possible outcomes to the legal issues arising from novel fact situations.
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SyllabusThe subject will cover the following topics:
- Background to the Australian taxation system and the significance of the components;
- Income - concepts of income, income from providing services, remuneration of employees, income from carrying on a business, income from the use of property, income from the disposal of property, exempt income and income from capital gains;
- Outgoings - fundamentals, general allowable deductions, specific deductions (repairs, depreciation, capital allowances, bad debts, past years losses, etc);
- Measurement of Taxable Income - principles of tax accounting, timing of derivation of assessable income, recognition of allowable deductions, trading stock;
- Fringe Benefits Tax - tax on employers;
- GST compliance and management requirements.
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Residential School| This subject contains a compulsory 3 day residential school.
The primary objectives of the residential school are: to provide an interactive face to face learning environment, to answer student questions about the subject, and to assist students to focus their studies for the remainder of the session. Staff at the residential school will review the subject material covered up to that date and outline the remaining topics. Subject readings will be discussed and placed in context.
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The information contained in the 2017 CSU Handbook was accurate at the date of publication: 25 August 2017. The University reserves the right to vary the information at any time without notice.
