Description
Taxation of Business Entities is a postgraduate elective subject offered by the Faculty of Law. This subject focuses upon the taxation of business entities, specifically small businesses, corporations, partnerships and trusts. It also examines, in relation to these entities, relevant capital gain and loss provisions; rules governing the carrying forward of losses; capital allowance provisions and trading stock rules. Other topics may be covered, such as the goods and services tax regime and its application to business operations. The emphasis of the subject is on tax planning, so that students can readily use the information and skills they learn in practice.
Subject details
| Type | Postgraduate |
| Code | LAWS77-565 |
| EFTSL | 0.125 |
| Faculty | Faculty of Law |
| Semesters offered |
|
| Credit | 10 |
| Study areas |
|
| Subject fees |
|
Learning outcomes
1. Understand the way in which taxation law applies to different business entities. 1. Understand the way in which taxation law applies to different business entities. 2. Understand the different ways in which profits may be distributed from different business entities to their owners. 2. Understand the different ways in which profits may be distributed from different business entities to their owners. 3. Understand how the Goods and Services tax applies, particularly to commercial transactions. 3. Understand how the Goods and Services tax applies, particularly to commercial transactions. 4. Obtain a brief overview of the Superannuation tax laws. 4. Obtain a brief overview of the Superannuation tax laws.
Enrolment requirements
| Requisites: ? | Nil |
|---|---|
| Assumed knowledge: | Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge. Assumed Prior Learning (or equivalent):
|
| Restrictions: ? |
This subject is not available as a general elective. To be eligible for enrolment, the subject must be specified in the students’ program structure. Anti-requisites: ?
|
Subject outlines
Subject dates
| Non-Standard Offering | |
|---|---|
| Enrolment opens | 18/07/2021 |
| Semester start | 13/09/2021 |
| Subject start | 20/09/2021 |
| Cancellation 1? | 02/10/2021 |
| Cancellation 2? | 05/10/2021 |
| Last enrolment | 30/09/2021 |
| Withdraw – Financial? | 13/10/2021 |
| Withdraw – Academic? | 28/10/2021 |
| Teaching census? | 12/10/2021 |