|Short Description:||Taxation Law|
|Faculty or Section :||Faculty of Business, Education, Law and Arts|
|School or Department :||School of Law and Justice|
|Student contribution band :||Band 4|
|ASCED code :||090911 - Taxation Law|
|Grading basis :||Graded|
|Version produced :||25 February 2021|
Pre-requisite: (ACC5000 or ACC5202 or ACC5502 or ACC5216 or ACC5218) and (LAW8500 or (LAW5201 and LAW5206)) or Students must be enrolled in one of the following Programs: GDBZ or MBSI
Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/current-students/support/computing/hardware.
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 Acts (ITAA36 and ITAA97) and the Goods and Services Tax Act 1999 (GSTA).
Topics covered include assessable income, residency, capital gains tax, allowable deductions, classes of taxpayers, calculation of tax payable and offsets/rebates of tax, tax administration provisions, the taxation of business entities and goods and services tax.