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- 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.
- 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
- Fringe Benefits Tax
- Salary Packaging
- General Tax Planning
- Professional Responsibilities
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)
- Equipment requirements - Audio/Video equipment
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
- Tutorial preparation (10%)
- Research-based Assignment (15%)
- Written Assignment (20%)
- Final Exam (55%)