Related Course/s:

A unit of study in the nested postgraduate Accounting suite.

Aims & Objectives:

The overall objective is to develop in students an understanding of the Income Tax Assessment Act: 1936 and 1997, together with those acts which are complementary to the Assessment Act.

Teaching Methods:

A range of teaching methods will be used including lectures and class discussion of issues and problems.

Assessment:

Mid Semester Test 20%-40%
Class (group) Presentation 10%
Final Examination 50% - 70%

Generic Skills Outcomes:

Students will enhance their ability to analyse and interpret tax legislation and case law decisions and improve their knowledge of taxation principles.

Content:

• The nature of assessable income.
• Specific income types.
• Source residency and derivation.
• Eligible termination payments.
• Capital gains tax.
• Fringe benefits tax.
• Allowable and specific deductions.
• Taxation of companies and shareholders.
• Taxation of partnerships and individuals.

Reading Materials:

 Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.