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 marksThere are course requisites for this subject. See access conditions.
Anti-requisite(s): 76212 Revenue 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.
Subject objectives
This subject also contributes specifically to the development of the following graduate attributes:
- Legal Knowledge
A coherent understanding of fundamental areas of legal knowledge including the Australian legal system, social justice, cultural and international contexts and the principles and values of ethical practice. (1.0) - Communication and Collaboration
Effective and appropriate communication skills including highly effective use of the English language, an ability to inform, analyse, report and persuade using an appropriate medium and message and an ability to respond appropriately. (5.0)
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. Small Business Entity 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 Tax
16. Goods and Services Tax
Assessment
Assessment task 1: Quiz A
| Objective(s): | This task contributes specifically to the development of the following graduate attributes: 1.0 |
|---|---|
| Weight: | 10 |
| Length: | 30 minutes |
Assessment task 2: Quiz B
| Objective(s): | This task contributes specifically to the development of the following graduate attributes: 1.0 |
|---|---|
| Weight: | 10 |
| Length: | 1 hour |
Assessment task 3: Quiz C
| Objective(s): | This task contributes specifically to the development of the following graduate attributes: 1.0 and 5.0 |
|---|---|
| Weight: | 20 |
| Length: | 1.5 hour |
Assessment task 4: Final Examination
| Objective(s): | This task contributes specifically to the development of the following graduate attributes: 1.0 |
|---|---|
| Weight: | 60 |
| Length: | 2 hours (including reading time) |
Required texts
- Australian Taxation Law 2014, by Woellner & ors, CCH
- Core Tax Legislation and Study Guide 2014, Barkocsy S, CCH
- Taxation Law & Practice 2013, Cooper, Taggart & Cliff 2nd Edn, Tekniks Publications
Recommended texts
ALTERNATIVE TEXTS
- Australian Tax 2014, Paul Kenny, Lexis Nexis
- LexisNexis Concise Taxation Legislation 2014 Selected by Paul Kenny, Lexis Nexis
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 2014 CCH,
OR
- Australian Tax Legislation 2014 Thomson Reuter
References
- Australian Tax Handbook 2014, Thomson Reuters
- Australian Master Tax Guide 2014, 54th Edition CCH
- Foundations of Taxation Law 2014, Barkoczy, CCH
- Principles of Taxation Law 2014, Sadiq, Coleman et ors, Thomson Reuters, General Edition
- Tax Questions and Answers 2014, Fisher, Hodgson et ors, Thomson Reuters
Case Books:
- Australian Tax Analysis: Cases, Commentary, Commercial Applications and Questions, Coleman, Hart, et al, latest Edition, Thomson Reuters
- Australian Tax Casebook, Barkoczy, Latest Edition, CCH
- Australian Taxation Law Cases, Krever, Latest Edition Thomson Reuters
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
GST:
- Australian GST Handbook latest edn, Hill,Thomson Reuter
- GST Legislation Plus latest edition, Richard Krever, Thomson Reuter
- 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 latest edition, CCH
- Australian FBT Handbook Koit, O’Flynn & Fitton,Thomson Reuter
- Capital Gains Tax, Wilson, Thomson ATP, (Looseleaf Service)
- Australian Superannuation Handbook, Jones, latest edition, Thomson Reuter
- Legal Research & Writing, Tjaden,Latest Edition, Federation Press
- LexisNexis Study Guide: Trusts, Barkehall Thomas & Vann,Latest Edition, 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 LEGAL RESOURCES:
UTS LIBRARY
The UTS Library has a wide range of services and resources that you will find useful, including law reports, 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 Coordinator. Contact the Law Librarian on (02) 9514 3341 for further information or assistance.
