LAW5230 Taxation Law (FOBUS)

Semester 1 (ONC)Toowoomba (ONC)Springfld (WEB)Toowoomba (EXT)Toowoomba

Semester 2 (ONC)Toowoomba (WEB)Toowoomba (EXT)Toowoomba

Semester 3 (WEB)Toowoomba (EXT)Toowoomba

Units 1.0 (Taxation Law) Band 3

Pre-requisite: (ACC5202 or ACC5502 or ACC5216 or ACC5218) and (LAW5206 or Master of Business students - equivalent course/equivalent experience).

Students are required to have access to a personal computer, e-mail capabilities and Internet access to USQConnect. Current details of computer requirements can be found at <http://www.usq.edu.au/ict/students/standards/default.htm>.

Synopsis

In order to participate in the planning of a client's tax affairs it is necessary to understand the relevant sections of the appropriate taxation laws applicable to the transaction or entity structure. This course primarily introduces students to the Income Tax Assessment Act (ITAA) and the Goods and Services Tax Act 1999 (GSTA). Topics covered include assessable income, capital gains tax, allowable deductions, goods and services tax, classes of taxpayers, calculation of tax payable and offsets/rebates of tax, tax administration provisions and the taxation of business entities.