Taxation of Small and Medium Enterprises

Subject LAWS70049 (2010)

Note: This is an archived Handbook entry from 2010.

Credit Points: 12.50
Level: 7 (Graduate/Postgraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2010:

September, Parkville - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period not applicable
Assessment Period End not applicable
Last date to Self-Enrol not applicable
Census Date not applicable
Last date to Withdraw without fail not applicable


Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Contact Hours: The total class time is between 24 and 26 hours.
Total Time Commitment: Visit the Melbourne Law Masters website for more information about this subject.
Prerequisites: Visit the Melbourne Law Masters website for more information about this subject.
Corequisites: Visit the Melbourne Law Masters website for more information about this subject.
Recommended Background Knowledge: Visit the Melbourne Law Masters website for more information about this subject.
Non Allowed Subjects: Visit the Melbourne Law Masters website for more information about this subject.
Core Participation Requirements: Visit the Melbourne Law Masters website for more information about this subject.

Coordinator

Assoc Prof Miranda Stewart

Contact

For the most up-to-date information about this subject, contact the Melbourne Law Masters Office by email at law-masters@unimelb.edu.au or phone 8344 6190 or alternatively visit the subject website: www.masters.law.unimelb.edu.au
Subject Overview:

Principal topics will include:

  • Income tax and capital gains tax of the legal entities that are used for SMEs, most importantly trusts, partnerships and unincorporated joint ventures, including
    - Formation
    - Operation
    - Termination and business succession
  • Selected tax issues for private companies
  • Tax issues relating to remuneration in SMEs and financing of SMEs
  • Tax concessions and integrity rules for SMEs, in particular the capital gains tax small business concessions
  • Tax planning for SME structuring, asset protection and estate and business succession, incorporating key state and federal tax, asset protection and estate issues.
Objectives:

A student who has successfully completed this subject should:

  • Have a detailed knowledge of the tax law applicable to entities used by small and medium enterprises (SMEs), with a particular focus on taxation of trusts, partnerships and unincorporated joint ventures
  • Be confident in advising on the application of tax to the different legal entities used by SMEs
  • Have a good foundation from which to develop further understanding of key planning and structuring issues for SMEs.
Assessment:

Assignment (30%)
Take-home examination (70%) (5-8 November)
or
10,000 word research paper (100%) (9 December) on a topic approved by the subject coordinator (with prior approval only)
Prescribed Texts: Visit the subject website for more information
Breadth Options:

This subject is not available as a breadth subject.
Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills: Visit the Melbourne Law Masters website for more information about this subject.
Links to further information: http://www.masters.law.unimelb.edu.au/

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