| Area: | School of Business Law |
| Credits: | 25.0 |
| Contact Hours: | 3.0 |
| Seminar: | 1 x 3 Hours Weekly |
| Prerequisite(s): | 5922 (v.6) Taxation (Introduction) 561 or any previous version
OR
11945 (v.5) Taxation 531 or any previous version
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| Syllabus: | Examination of the Australian Capital Gains Tax in detail including the rationale for such a tax, its impact on business transactions such as organisational restructuring, its impact on the disposal of a range of assets such as goodwill and restrictive covenants, and capital gains tax planning techniques. |
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| Unit Outcomes: | On successful completion of this unit students will have- Discussed the history of taxing capital gains in Australia. Understood the policy behind the introduction of the capital gains tax. Compared and contrasted a realisation based system of taxing capital gains with an accruals basis of taxing capital gains. Shown a broad understanding of the capital gains tax legislation and how it applies to a range of transactions. |
| Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information. |
| Unit References: | Internet sites - Curtin University Scholarly database. Australian Taxation Office ATOassist. http://www.ato.gov.au. http://www.treasury.gov.au. http://www.austlii.edu.au. http://www.taxia.com.au. http://www.agps.gov.au. Taxation Rulings and Determinations - Rulings are available on the ATO website. They are also available on CD Rom in the library together with the text of the income tax legislation, ATP Tax Handbook and ATP Weekly Tax Bulletin. Journals - Taxation In Australia. Australian Tax Forum. Australian Tax Review. Australian Accountant. Taxation Institute Conference Papers. Australian Accountant Charter. Reports - Review of Business Taxation reports. |
| Unit Texts: | ITAA. (1997). (Vol 1). (latest edition). Access to the following reference materials on the Curtin University library Scholarly Database. Cooper, G. Cooper's TLIP Capital Gains Tax. ATP Analytical Services. Australian Tax Handbook. ATP Analytical Services. |
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| Unit Assessment Breakdown: | Assignment 20%, Research Paper 30%, Take Home Exam 50%. This is by grade/mark assessment. |
| Year | Location | Period | Internal | Area External | Central External | | 2004 | Bentley Campus | Semester 1 | Y | | | | 2004 | Bentley Campus | Semester 2 | | | Y | |
