77938 Introduction to Taxation Law

Warning: The information on this page is indicative. The subject outline for a particular session, 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.

Subject handbook information prior to 2017 is available in the Archives.

UTS: Law
Credit points: 6 cp

Subject level:

Postgraduate

Result type: Grade and marks

Requisite(s): 70106c Principles of Public International Law AND 70107c Principles of Company Law AND 142 credit points of completed study in spk(s): C04250 Juris Doctor Master of Business Administration
The lower case 'c' after the subject code indicates that the subject is a corequisite. See definitions for details.
These requisites may not apply to students in certain courses. See access conditions.

Description

This subject acquaints students with Australian taxation law in a practical business environment. The focus of the syllabus is on the application of tax law concepts in a professional accounting setting. It 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 with an emphasis on the implications for the commercial world. The subject looks at the Income Tax Assessment Act, the Tax Law Reform Project and the New Tax System. Particular concepts to be considered include: taxable income, income, deductions, capital gains tax, trusts, partnerships, companies and shareholders, tax accounting, tax planning and anti-avoidance provisions, fringe benefits tax and goods and services tax.

Subject learning objectives (SLOs)

Upon successful completion of this subject students should be able to:

1.	understand the concept of taxable income (including assessable income, deductions, tax offsets and tax payable);
2.	demonstrate a knowledge of Capital Gains Tax;
3.	understand taxation of companies, trusts and partnerships;
4.	demonstrate a fundamental understanding of the administration of the Australian taxation system;
5.	demonstrate a knowledge of taxation planning;
6.	understand Fringe Benefits Tax;
7.	understand Goods and Services Tax.

Course intended learning outcomes (CILOs)

This subject also contributes specifically to the development of the following graduate attributes:

Legal Knowledge
An advanced and integrated understanding of a complex body of legal knowledge including the Australian legal system, social justice, cultural and international contexts, the principles and values of ethical practice, and contemporary developments in law and its professional practice (1.0)

Teaching and learning strategies

There will be three hours of lectures per week.

Content (topics)

Introduction to the Taxation System
Calculation of Income Tax
Residence and Source
Assessable Income (Ordinary Income and Statutory Income)
Capital Gains Tax
Deductions (General and Specific)
Trading Stock
Tax Accounting
Small Business Entity System
Taxation of Partnerships
Taxation of Trusts
Taxation of Companies and Shareholders
Taxation Administration
Tax Planning and Anti-Avoidance
Fringe Benefits Tax
Goods and Services Tax

Assessment

Assessment task 1: Quiz A

Objective(s):	This task addresses the following subject learning objectives: 1, 2, 6 and 7 This task contributes specifically to the development of the following graduate attributes: 1.0
Weight:	20%
Length:	90 minutes

Objective(s):

This task addresses the following subject learning objectives:

1, 2, 6 and 7

This task contributes specifically to the development of the following graduate attributes:

1.0

Weight:

20%

Length:

90 minutes

Assessment task 2: Quiz B

Objective(s):	This task addresses the following subject learning objectives: 1, 2, 4, 5, 6 and 7 This task contributes specifically to the development of the following graduate attributes: 1.0
Weight:	30%
Length:	90 minutes

Objective(s):

This task addresses the following subject learning objectives:

1, 2, 4, 5, 6 and 7

This task contributes specifically to the development of the following graduate attributes:

1.0

Weight:

30%

Length:

90 minutes

Assessment task 3: Final Examination

Weight:	50%
Length:	2 hours (including reading time)

Minimum requirements

To obtain a pass in this subject, students must obtain a total of at least 50 marks from all components of the assessment.

Required texts

Australian Taxation Law 2017, by Woellner & ors, Oxford University Press

Taxation Law & Practice 2016, Cooper, Taggart & Cliff latest edn, Tekniks Publications

Recommended texts

ALTERNATIVE TEXTS

Australian Tax 2017, Paul Kenny, Lexis Nexis Butterworths

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:

Core Tax Legislation and Study Guide 2017, Barkocsy S, Oxford University Press
Australian Income Tax Legislation 2017 Oxford University Press,

Australian Tax Legislation 2017 Thomson Reuters.
Fundamental Tax Legislation 2017 Thomson Reuters
LexisNexis Concise Taxation Legislation 2017 Selected by Paul Kenny, Lexis Nexis Butterworths

Reference Books:

Australian Tax Handbook Latest Edition, Thomson Reuters
Australian Master Tax Guide, Latest Edition Oxford University Press
Foundations of Taxation Law Latest Edition, Barkoczy, Oxford University Press
Principles of Taxation Law Latest Edition, Sadiq, Coleman et ors, Thomson Reuters, General Edition
Tax Questions and Answers Latest Edition2016, 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, Oxford University Press
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 Oxford University Press
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, Oxford University Press
Australian Master GST Guide latest edition, Philip McCouat, Oxford University Press

OTHER:

Australian Federal Tax Reporter, CCH, (Looseleaf Service)
Financial Planning latest edition, Monahan and Perkins, LexisNexis
FBT: A Practical Guide latest edition, Oxford University Press
Australian FBT Handbook 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,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

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 Co-ordinator. Contact the Law Librarian on (02) 9514 3341 for further information or assistance.

LEARNING SKILLS
The BELL (Becoming an Effective Lifelong Learner) website provides information, self-testing and links to help you develop your learning skills. Visit the BELL web site www.bell.uts.edu.au.

UTSOnline
This subject has a UTSOnline site (http://online.uts.edu.au/). The site may include announcements made in lectures, copies of lecture overheads/slides, and clarification of administrative and assignment matters. It is the responsibility of students to ensure they are registered on UTSOnline for this subject, and regularly check UTSOnline for announcements.

If you have difficulties accessing UTSOnline, contact the ITD Helpdesk by phone on (02) 9514 2222 or email help.desk@uts.edu.au; and/or the Student Centre Haymarket by phone on (02) 9514 3444 or via Service Desk at https://servicedesk.uts.edu.au/CAisd/pdmweb.exe.

UTS STUDENT CENTRE
Staff at the Student Centre Haymarket will provide general student administration related information and advice to students, as well as specific administration services for Law students.

Students with inquiries and/or wishing to query the process of administrative applications should contact the Student Centre Haymarket directly online via Ask UTS www.ask.uts.edu.au, or by phone on (02) 9514 3444.

The Student Centre Haymarket is located in Building 5, on 2 levels (Level 1, and Level 5). Opening hours of the Student Centre Haymarket may vary, and it is better to check this information at www.uts.edu.au/students/centres.html PRIOR to visiting the centre.