Exam Hypo Structure

Description

Completed the subject in Sem 1 2025 with Miranda. This six-page summary distills an entire semester of JD Taxation Law and Policy into a succinct, high-yield resource, ideal for law students seeking clarity, structure, and exam-readiness. It is perfect for open-book exams, tutorials, and revision, with each topic formatted to optimise active recall and legal reasoning. Key Features: Comprehensive yet concise: Covers all examinable topics in just 6 pages. Legislation-focused: Pinpoint references to key provisions of the ITAA 1997, ITAA 1936, GST Act, and others. Integrated case law: Leading authorities (, Myer, FCT v Dixon, Steele, Montgomery, Cooling, Westfield, etc.) summarised in 1–2 line takeaways. Policy + black letter law: Includes normative and doctrinal insights for HD responses. Logical structure: Clear headings, sub-points, and issue-rule-application summaries for quick reference. 📚 Topics Covered: Ordinary Income (s 6-5) – business income, windfalls, employment, annuities, and tax characterisation. Statutory Income (s 6-10) – including s 15-2, 15-10, 15-30 and CGT (Parts 3-1 and 3-3). Capital Gains Tax – CGT events, exemptions, and main residence rules. General Deductions (s 8-1) – positive and negative limbs with leading cases. Specific Deduction Rules – including self-education, interest deductibility, and timing issues. Capital vs Revenue – structure/process test, enduring benefit, case comparisons. Fringe Benefits Tax (FBT) – key definitions, exemptions, and valuation rules. Goods and Services Tax (GST) – taxable supplies, input tax credits, and international transactions. Tax Avoidance (Part IVA) – dominant purpose test, scheme identification, and Peabody, Hart, Ramsay principles. Residency and Source – statutory tests and common law rules. Entities – Partnerships, Trusts, and Companies taxation principles. Timing & Accounting – derivation and incurrence, accrual vs cash, prepayment rules.