Details for LAW211 Taxation Law

Tax law decides how income, gains and benefits are treated. Taxation Law builds a working grasp of Australia’s income tax, fringe benefits and related legislation, and the key cases that interpret them. You’ll evaluate ordinary and statutory income, deductions, capital gains, entities, anti-avoidance rules and tax planning, then compute taxable income and liability. You’ll finish able to advise on the tax consequences of transactions and events.

Quick Stats

• Currently offered by Alphacrucis: Yes
• Course code: LAW211
• Credit points: 10

Subject Coordinator

Prerequisite

LAW208 Corporations Law 

Unit Content

Outcomes

1. Demonstrate a comprehensive understanding of the fundamental provisions of the Income Tax Assessment Act 1936 (Cth), Income Tax Assessment Act 1997 (Cth), Fringe Benefits Tax Assessment Act 1986 (Cth), and other tax legislation.
2. Demonstrate broad and coherent knowledge of key tax cases relevant to the interpretation of tax provisions and commentaries relevant to them.
3. Critically evaluate the tax treatment of various forms of income and deductibility of expenditure.
4. Solve complex legal problems involving the computation of taxable income and tax liability.
5. When examining tax issues, critically apply knowledge gained from interpreting and applying legislation and case law.
6. Provide legal advice on the tax consequences of events such as the disposal of an asset and the payment amount to a beneficiary of a trust.

Subject Content

1. Introduction to Taxation Law
2. International tax and income tax accounting
3. Ordinary income, statutory income and non-assessable income
4. Capital gains and losses
5. General deductions, specific deductions and deduction limitations
6. Capital allowances
7. Entities
8. Special taxpayers and anti-avoidance
9. Fringe benefits tax and Goods and services
10. Superannuation and Tax planning
11. Tax avoidance, tax administration and taxation in practice
12. Subject Review
13. Examination week

This course may be offered in the following formats

Face to Face on site

Please check the timetable to see when this subject will next be offered at Alphacrucis University College.

Assessment Methods

1. Class Participation  (10%)
2. In-Class Test  (25%)
3. Case Study Analysis   (25%)
4. Final Examination (40%)

Prescribed Text

• Paul Kenny et al, Australian Tax 2024 (LexisNexis, 2023)  
• Melbourne University Law Review Association, Australian Guide to Legal Citation (Melbourne University Law Review Association, 4th ed, 2018) 
• Students should also download the latest versions of the Income Tax Assessment Act 1997 (Cth) and Fringe Benefits Assessment Act 1986 (Cth), from the Federal Register of Legislation, which is found at:  https://www.legislation.gov.au/  

Check with your instructor before purchasing any textbooks