Inspect goods and services tax—GST. Uncover details about partnerships, deductions and uniform capital allowances. Extend your financial maths skills set.Analyse the impact income tax laws have on Australian individuals and entities.
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At the completion of this subject students will be able to:
calculate taxable income and net tax payable by an individual and sole trader
calculate capital gains tax payable by an individual or business
calculate net income of a Trust or Partnership (including the distribution to beneficiaries or partners) and calculate the taxable income and net tax payable by a minor; reconcile accounting profit to taxable income or net income
calculate the taxable income of a company and calculate the Franking Account balance
identify a taxable supply and calculate Goods and Services Tax payable
demonstrate an appropriate understanding of academic and professional integrity principles and apply writing, referencing and acknowledgement conventions required for the taxation discipline.
This subject deals with foundation principles of income tax laws as they apply to individuals and entities including partnerships, companies and trusts, as well as capital gains tax and an introduction to the goods and services tax.
Please Note: If it’s your first time studying a Curtin University subject you’ll need to complete their compulsory ‘Academic Integrity Program’. It only takes two hours to complete online, and provides you with vital information about studying with Curtin University. The Academic Integrity Program is compulsory, so if it’s not completed your subject grades will be withheld.