Undergraduate GRF-AFE318-2021

Taxation Planning

Study method

100% Online

Available loans

HECS-HELP
FEE-HELP

Assessments

100% online

Prior study

Required

With a network of campuses across Brisbane and the Gold Coast, Griffith University is committed to progressive multidisciplinary teaching and research and a valuable online provider with Open Universities Australia. Already attracting students from more than 122 countries, Griffith's dedication to academic excellence is available across Australia through OUA.

QS RANKING 2022

Times Higher Education Ranking 2022

2021

Subject details

What you'll learn

Understand the general operation of the Australian revenue system and particular tax planning strategies.
Understand and discuss taxation as a social force, with policy implications affecting the interests of individuals, communities, business and government.
Consider the particular integrity rules that apply to the taxation of individuals, general partnerships, corporations and trusts.
Understand the tax issues that can arise on the sale of a business (with a focus on the small business capital gains tax concessions).
Understand the general tax planning issues such as income splitting, superannuation, fringe benefits tax and salary packaging.
Understand the potential sources and methods to research and solve tax issues (especially using internet and electronic sources).
Better communicate complex tax issues in a clear and precise manner (both written and oral).
Be aware of the characteristics that distinguish tax evasion, tax avoidance and tax planning.
Understand the professional obligations and liabilities in providing tax planning advice, as well as the powers of the Australian Tax Office.

Topics covered

- Introduction to Tax Planning and Anti-avoidance
- Taxation of Partnerships
- Taxation of Companies
- Taxation of Trusts
- Sale of Business Issues
- Sale of Business -CGT concessions
- Superannuation
- Fringe Benefits Tax
- Salary Packaging
- General Tax Planning
- Professional Responsibilities

Entry requirements

You must have successfully completed the following subject(s) before starting this subject:

GRF-AFE316-Revenue Law: Theory and Policy in Action (No longer available)

Additional requirements

Equipment requirements - Audio/Video equipment

Description

This subject is intended to provide an understanding of an essential area of Financial Planning - Taxation Planning. The topics studied emphasis post retirement implications of superannuation, personal tax planning, capital gains tax implications, business taxation planning, the use of various business structures and year end taxation planning. Law students who wish to undertake Taxation Planning without the prerequisite must seek approval from the Bachelor of Commerce Program Director at your campus of study.

Prerequisites: AFE316 Revenue Law Theory and Policy in Action

Commonwealth Supported Students who intend to complete a Griffith University Subject as Cross-Institutional Study in a degree from their home institution need to complete a Cross-Institutional Study application form, to ensure the correct fee is charged.

Assessments

Tutorial preparation (10%)
Research-based Assignment (15%)
Written Assignment (20%)
Final Exam (55%)

Textbooks