MLC703 - Principles of Income Tax Law
2022 unit information
|Enrolment modes:||Trimester 2: Burwood (Melbourne), Cloud (online)|
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
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: achieve at least 50% of the marks available on the examination
Unit Fee Information
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