79017 Taxation Law
Warning: The information on this page is indicative. The subject outline for a particular semester, location and mode of offering is the authoritative source of all information about the subject for that offering. Required texts, recommended texts and references in particular are likely to change. Students will be provided with a subject outline once they enrol in the subject.
UTS: LawCredit points: 6 cp
Subject level: Undergraduate
Result Type: Grade and marksRequisite(s): 79203 Business Law and Ethics
Anti-requisite(s): 76212 Revenue Law AND 790170 Taxation Law
Handbook description
This subject aims to develop students' conceptual and analytical skills and an appreciation of the Australian tax system. It provides a general analysis of the current tax system and consideration of the many changes it is presently undergoing. The course looks at the Income Tax Assessment Act 1936 and the Income Tax Assessment Act 1997, the Tax Law Reform Project and the New Tax System. Particular concepts to be considered include income and capital, assessable income, allowable deductions, capital gains tax, fringe benefits tax, goods and services tax, trusts, partnerships, tax accounting, tax planning and anti-avoidance provisions.
Content
1. Introduction to the Taxation System
2. Calculation of Income Tax 3. Residence and Source 4. Assessable Income (Ordinary Income and Statutory Income) 5. Capital Gains Tax 6. Deductions (General and Specific) 7. Trading Stock 8. Tax Accounting 9. Simplified Tax System 10. Taxation of Partnerships 11. Taxation of Trusts 12. Taxation of Companies and Shareholders 13. Taxation Administration 14. Tax Planning and Anti-Avoidance 15. Fringe Benefits Tax16. Goods and Services Tax
Assessment
Assessment Item 1: Quiz A
| Weighting: | 10% |
Assessment Item 2: Quizzes
| Weighting: | 30% |
Assessment Item 3: Final Examination
| Weighting: | 60% |
Required text(s)
Australian Tax 2010, Paul Kenny, Lexis Nexis Butterworths
LexisNexis Concise Taxation Legislation 2010 Selected by Paul Kenny, Lexis Nexis Butterworths
OR
Australian Taxation Law 2010, 20th Edition, Woellner, Barkoczy, Murphy and Evans, CCH
Core Tax Legislation and Study Guide 2010, 13th Edition, CCH.
AND
Cooper Taggart & Cliff Introduction to Taxation Law Published by Learn Now 2010
(incl Taggart (ed) Taxation Law Slide Book 2010) *.
Recommended text(s)
ALTERNATIVE TEXTS
Legislation:
Some students might prefer to have the full printed set of Tax Legislation instead of the edited
version mentioned in the Prescribed Text Box above. These students might prefer:
Australian Income Tax Legislation 2010 CCH,
OR
Australian Tax Legislation 2010 Thomson ATP.
Indicative references
Reference Books:
Australian Tax Handbook 2010, Deutsch et al, Thomson ATP
Australian Master Tax Guide 2010, 45th Edition CCH
Foundations of Taxation Law 2010, Barkoczy, CCH
Fundamental Tax Legislation 2010 Deutsch, Thomson ATP
Australian Tax Analysis: Cases, Commentary, Commercial Applications and Questions,
Coleman, Hart, et al, latest Edition, Thomson ATP
Principles of Taxation Law 2010, Hart, Coleman et al Thomson ATP, latest Edition
Tax Questions and Answers 2010, Fisher and Hodgson, Thomson ATP
Case Books:
Australian Tax Casebook Barkoczy latest Edition, CCH
Australian Taxation Law Cases latest edition, Krever 3rd Edition Thomson ATP
Butterworths Student Companions – Tax, Khoury, latest edition, LexisNexis
Study Guides:
Master Tax Examples, latest Edition CCH
Successful Tax Study latest edition, Obst, and Hanegbi, Thomson ATP
Australian Taxation Study Manual: Questions and Suggested Solutions, Nethercott, Richardson
and Devos, latest edition CCH
LexisNexis Study Guide: Taxation & Revenue Law, Kendall, latest edition, LexisNexis
Nutshell: Tax Law, Spisto, Thomson latest edition
Thomson Tax Examples latest edition, Koit, Thomson
Income Tax & GST Strategies Manual latest edition, Deutsch and Orow, Thomson
GST:
Australian GST Handbook latest edn, Hill, Thomson ATP
GST Legislation Plus latest edition, Richard Krever, Thomson ATP
Australian GST Legislation with Overview latest edition, CCH
Australian Master GST Guide latest edition, Philip McCouat, CCH
OTHER:
Australian Federal Tax Reporter, CCH, (Looseleaf Service)
Financial Planning latest edition, Monahan and Perkins, LexisNexis
FBT: A Practical Guide 2007, CCH
Australian FBT Handbook 2007, Koit, O’Flynn & Fitton, Thomson ATP
Capital Gains Tax, Wilson, Thomson ATP, (Looseleaf Service)
Australian Superannuation Handbook, Jones, latest edition, Thomson ATP
Legal Research & Writing, Tjaden, 2nd Edition, Federation Press
LexisNexis Study Guide: Trusts, Barkehall Thomas & Vann, 2008, LexisNexis
On Line Research
An important area of this subject involves the skill of finding appropriate legislation, tax rulings and
cases. To assist you we will make available on UTSOnline a number of links to important sites. During
lectures and tutorials, students will be informed where cases may be found. Students are also
expected to use the library and the internet.
Internet-based Legal Resources
www.ato.gov.au
This is probably the best site for our course, being the homepag of the Australian Tax Office.
www.austlii.edu.au
AustLII is a full-text Australian and World Case Law and Legislation Database jointly owned and
operated by the faculties of law of UTS and UNSW.
www.brw.com.au
Business Review Weekly’s website. Online access to one of Australia’s best Business and Law
magazines, including an excellent law section with access to BRW’s legal articles and law notes
written in conjunction with Freehills.
www.lawportal.com.au
LawPortal is an Internet-based legal resources navigator offering access to AustLII, SCALE plus,
daily Australia-wide court listings, as well as links to all major national newspapers.
http://scaleplus.law.gov.au
SCALEplus is the legal information retrieval service owned by the Australian Attorney General’s
Department.
www.findlaw.com
American legal resource website.
www.law.com
American legal resource website.
Other resources
Other resources
OTHER LEGAL RESOURCES:
UTS LIBRARY
The UTS Library has a wide range of services and resources that you will find useful, including lawreports, law journals, textbooks, and access to online resources www.lib.uts.edu.au.
Relevant materials in this subject may also be available on Closed Reserve, which is a special
borrowing service that allows you to use the material for two hours or overnight, to ensure the
materials are available to many students. Materials on closed reserve are listed in the library
catalogue by subject details and Subject Co-ordinator. Contact the Law Librarian on (02) 9514 3341
for further information or assistance.
