MLC703 - Principles of Income Tax Law
(B, X, X-OS)
V Brooks (B), S Wai (X)
|Incompatible with:||MAA790, MLC731|
|Contact hours:||1 x 3 hour seminar per week|
Note:Online teaching methods require internet access. Please refer to the most current computer specifications.
ContentThe unit aims to familiarise students with the principles underlying the Income Tax Assessment Act (ITAA 1936 and 1997) so that they have the necessary skills to successfully approach and research complex problems involving income tax issues. Topics include: the position and importance of income tax in the range of Commonwealth and state taxes; concepts of income and capital; deductions and exemptions; tax offsets; taxation of capital gains, fringe benefits and trading stock; taxation of companies; dividend imputation; taxation of individuals, partners, trustees and beneficiaries.
Written Assignment 3000 words 40%, Examination 3 hours 60%, Hurdle requirement: achieve at least 50% of the marks available on the examination.
Unit Fee Information
|Student Contribution Rate*||Student Contribution Rate**||Student Contribution Rate***||Fee rate - Domestic Students||Fee rate - International students|
* Student contribution rate for Commonwealth Supported students who commenced studies from 2010
** Student contribution rate for Commonwealth Supported students who commenced studies from 2009
*** Student contribution rate for Commonwealth Supported students who commenced studies from 2008
Please note: Unit fees listed do not apply to Deakin Prime students.