Corporate Tax (Shareholders/Debt/Equity)

Subject 730-629 (2009)

Note: This is an archived Handbook entry from 2009. Search for this in the current handbook

Credit Points:
Level: Graduate/Postgraduate
Dates & Locations:

This subject has the following teaching availabilities in 2009:

Semester 1, - 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: 24 - 26 contact hours per subject.
Total Time Commitment: The time commitment for this subject depends on the candidates background and experience.
Prerequisites: N.A.
Corequisites: N.A.
Recommended Background Knowledge: None
Non Allowed Subjects: None
Core Participation Requirements: N.A.

Coordinator

Mr Frank O'Loughlin
Subject Overview:

Objectives:

A student who has successfully completed this subject should:

  • Have an understanding of the policies, detailed rules and current practical problems involved in the taxation of companies and shareholders, particularly at the shareholder level
  • Have an advanced understanding of the policies underlying Australia’s imputation system, shares, corporate distributions, debt-equity integrity rules and corporate rollovers.

Syllabus:

This subject consists of a detailed examination of the tax rules applied to companies and shareholders in a domestic setting in Australia, with a focus on issues at the shareholder level. Students may also (but are not obliged to) complete Corporate Taxation B (Companies and Consolidation), which is an advanced subject with a detailed focus on corporate tax losses and taxation of consolidated groups.

Principal topics will include:

  • The policy and problems of taxing companies and shareholders
  • The corporate-shareholder imputation system
  • Taxation treatment of contributions of share capital and assets to a company
  • Share value shifting
  • Taxation of company distributions and dealings with interests in companies, including liquidations and share buybacks
  • Private company deemed dividends
  • Franking credit and capital streaming and associated anti-avoidance rules
  • Debt-equity classification
  • Corporate rollovers.
Assessment:
  • Seminar assignment (30%)
  •  Take-home examination (70%) (3–6 July)
Prescribed Texts: Core subject materials will be provided free of charge to all students. Some subjects require further texts to be purchased. Please visit the subject homepage on the Melbourne Law Masters website by following the link at the bottom of this subject entry.
Breadth Options:

This subject is not available as a breadth subject.
Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills: Please see the Subject Objectives for this information.
Links to further information: 730-629Corporate Tax (Shareholders/Debt/Equity)Melbourne Law Masters, postgraduate law, post-graduate law, graduate law2009P

Objectives:

A student who has successfully completed this subject should:

  • Have an understanding of the policies, detailed rules and current practical problems involved in the taxation of companies and shareholders, particularly at the shareholder level
  • Have an advanced understanding of the policies underlying Australia’s imputation system, shares, corporate distributions, debt-equity integrity rules and corporate rollovers.

Syllabus:

This subject consists of a detailed examination of the tax rules applied to companies and shareholders in a domestic setting in Australia, with a focus on issues at the shareholder level. Students may also (but are not obliged to) complete Corporate Taxation B (Companies and Consolidation), which is an advanced subject with a detailed focus on corporate tax losses and taxation of consolidated groups.

Principal topics will include:

  • The policy and problems of taxing companies and shareholders
  • The corporate-shareholder imputation system
  • Taxation treatment of contributions of share capital and assets to a company
  • Share value shifting
  • Taxation of company distributions and dealings with interests in companies, including liquidations and share buybacks
  • Private company deemed dividends
  • Franking credit and capital streaming and associated anti-avoidance rules
  • Debt-equity classification
  • Corporate rollovers.
  • Seminar assignment (30%)
  •  Take-home examination (70%) (3–6 July)
N.A. N.A.24 - 26 contact hours per subject.Core subject materials will be provided free of charge to all students. Some subjects require further texts to be purchased. Please visit the subject homepage on the Melbourne Law Masters website by following the link at the bottom of this subject entry.Please see the Subject Objectives for this information.The time commitment for this subject depends on the candidates background and experience.N.A.Please see the subject homepage on the Melbourne Law Masters website for up to date timetable information.Mr Frank O'LoughlinLawLawNNNNParkvillePARKVILLEFor the latest information on this subject, please visit: http://www.masters.law.unimelb.edu.au/subject/730629730-6292Semester 1

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