ApplyEnquire

Details for BUS350 Taxation Law

Navigating the complexities of taxation law is important for informed personal and business decision-making. This subject prepares students to critically analyse, resolve issues, and perform taxation calculations. Through research and practical application of tax law, students will develop dynamic skills to adapt to legal changes, enhancing their ability to manage future taxation challenges effectively.

Quick Stats

  • Currently offered by Alphacrucis: Yes
  • Course code: BUS350
  • Credit points: 10

Subject Coordinator

Pratima Durga

Prerequisite

Unit Content

Outcomes

  1. Describe and discuss the fundamental principles and operations of the Australian taxation system and the Tax Assessment Act;
  2. Critically analyse, discuss and apply problem-solving skills to resolve issues relating to taxation law;
  3. Demonstrate an advanced ability to research and analyse examples of taxation cases to illustrate income tax rulings;
  4. Identify, describe and apply the fundamental concepts of assessable income and allowable deductions to calculate taxable income and tax payable for individuals and common tax entities;
  5. Identify various types of taxation including income tax, capital gains tax, goods and services tax, and fringe benefits tax, and perform basic taxation calculations for them.

Subject Content

  1. An introduction to taxation law and theory
  2. The meaning of income and assessable income
  3. Allowable deductions
  4. Goods and Services Tax (GST)
  5. Capital Gains Tax
  6. Fringe Benefits Tax
  7. Capital allowances (Depreciation)
  8. Calculation of tax payable
  9. Taxation for partnerships, trusts, and companies
  10. Dividend imputation
  11. Taxation administration
  12. International taxation and issues in taxation law

This course may be offered in the following formats

  • Face to face (onsite)
  • eLearning (online)
  • Intensives

Please consult your course prospectus or enquire about how and when this course will be offered next at Alphacrucis University College.

Assessment Methods

  • Mid-term written test (20%)
  • Practical Exercises – Tax Advice (30%)
  • Final Exam (50%)

Prescribed Text

  • Woellner, R., Barkoczy, S., Murphy, S., Evans, C. & Pinto, D. (2021).  Australian Taxation Law (31st ed.Ed.). Oxford University Press.

Please consult your instructor each semester before purchasing any texts