MLC703 - Principles of Income Tax Law
|Year||2016 unit information|
|Enrolment modes:||Trimester 2: Burwood (Melbourne), Cloud (online)|
|Incompatible with:||MAA790, MLC731|
Campus: 1 x 3 hour seminar per week
Cloud(online): Learning experiences are via CloudDeakin
The 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.