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Australian Taxation System
UoS Code CLAW3201
Credit points 6
Offered Semester 1 and Semester 2
Prerequisites CLAW2201 or CLAW2001
Corequisites
Prohibitions CLAW3001
Assumed Knowledge
Additional Information
Lectures 2hrs of lectures and 1 tutorial per week
Assessment Tutorial assessment; Mid semester test; Case Analysis; Final exam
Description This unit is an introduction to taxation law. It commences with an overview of the Australian tax system, discusses contemporary tax issues and then deals with specific topics, viz. basis of liability to Australian income tax, concepts of residence and source of income, meaning of income, tax accounting, statutory concepts of income, taxation of fringe benefits, basis of liability to capital gains tax and allowable deductions. It concludes with a study of the general antiavoidance sections.