Tax of Business and Investment Income

Subject LAWS70002 (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:

Semester 1, 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

Ms Michelle Herring

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:

This subject is designed to explore in detail the fundamental principles of income tax, fringe benefits tax and capital gains tax.

Principal topics will include:

  • The structure of the Australian income tax system
  • The structure of the legislation, interaction mechanisms, derivation
  • Multi-step transactions
  • Deferred payments
  • Expense characterisation, calculation of cost
  • Valuation, conditions of employment
  • Reimbursements, apportionment of deductions
  • Capital gains tax: Dissecting receipts and part disposals
  • Deemed disposals
  • Cost base write down
  • Creation of liabilities
  • Reimbursement/recovery of expenses
  • Public policy and income tax rules.
Objectives:

A student who has successfully completed this subject should:

  • Have a detailed knowledge of the foundational principles of law applicable to income tax
  • Have the necessary research skills to master the volume of printed and electronic material available on tax in Australia and internationally.
Assessment:

Assignment (30%)
Take-home examination (70%) (4-7 June)
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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