Australian Tax Law
Your upfront cost: $0
- 12 Jul 2021
Australia’s fourth oldest university, the University of Tasmania, is highly regarded internationally for teaching and academic excellence. The university offers more than 100 undergraduate degrees and more than 50 postgraduate programs across a range of disciplines. The university offers students a diverse range of opportunities, the chance to learn from leading experts, and excellent preparation for their future careers.
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Upon completion of this subject, the student should be able to:
- research, interpret and apply taxation laws.
- examine authentic commercial dealings to identify tax/compliance issues and research to apply tax laws to the issues identified.
- justify orally, explaining tax laws, calculations and findings to case studies.
- Introduction and income tax basics, residence and source of income.
- Tax accounting, income from labour and fringe benefits tax
- Income from business and income from property
- Capital gains tax
- Allowable deductions - general
- Specific deductions and capital allowances
- Trading stock and tax offsets
- Taxation of Partnerships and Trusts
- Taxation of Companies and Superannuation
- Goods and Services Tax
- International Tax
- Tax Administration
In order to enrol in this subject, you must be accepted into one of the following degrees:
No additional requirements
This subject introduces students to the core concepts in Australian taxation and identifies the framework (both legal and administrative) behind those concepts. The knowledge gained through this exploration enables the application of the framework to current issues faced by individuals and businesses whilst ensuring compliance with statutory and professional requirements. Basic concepts of assessable income (including capital gains) and allowable deductions are extended through different entity structures with a focus on application to real life scenarios. The subject includes an introduction to Fringe Benefits Tax as well as Goods and Services Tax. Aspects of International tax and tax avoidance issues are also explored.
- Case Study (20%)
- Case Study (20%)
Current study term: 11 Jul 21 to 17 Oct 21
Check the learning management system (LMS) of your university for textbook details.