MLC703 - Principles of Income Tax Law

Year:

2020 unit information

Enrolment modes: Trimester 2: Burwood (Melbourne), Cloud (online)
Credit point(s): 1
EFTSL value: 0.125
Prerequisite: Nil
Corequisite: Nil
Incompatible with: MAA790, MLC731
Study commitment

Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.

Scheduled learning activities - campus

1 x 2 hour class and 1 x 1 hour seminar per week

Scheduled learning activities - cloud (online)

1 x 2 hour class (recordings provided) and 1 x 1 hour online seminar per week

Content

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.

Hurdle requirement

Hurdle requirement: achieve at least 50% of the marks available on the examination

Unit Fee Information

Click on the fee link below which describes you:

Talk to a Deakin adviser about studying at Deakin today

Call 1800 693 888Monday to Friday: 9am to 5pm AEST
Chat live nowMonday to Friday: 8am to 7pm AEST