LAWS3412/LAWS5112 Australian Income Tax

Description

These notes contain detailed summary of cases, legislation and exam approaches for each topic. The structure/sub-headings basically followed the exam scaffolds so they are ideal for the preparation of the final exam. You can do well in this subject without a commercial background. Topics include: Concepts of income Capital Gains Tax Income from property, compensation receipts and periodic receipts Taxation of remuneration Business Income Deductions – Relevance and the capital/revenue distinction Business Taxation: Trading Stock and Depreciation Introduction to Entity Taxation, Partnerships and Companies Trusts, Trustees and Beneficiaries Issues in Tax Administration Goods and Services Tax Ethical conduct and rules to counter tax avoidance