Taxation Law

This unit (BLB3134) provides an introduction to underlying principles and basic policy concepts in the operation of Australian income tax laws. Preliminary matters such as residency, source and derivation are first considered. The major principles of income taxation are analysed, including the taxation of income, capital gains, fringe benefits and goods and services. The major principles of deductibility, including statutory modifications, are considered together with the timing rules. Taxation of entities including individuals, companies, trusts and partnerships will also be covered. In addition, the fundamental administrative mechanisms and basic principles of tax planning are analysed together with anti avoidance provisions.