Description

These HD notes provide helpful case summaries, tables and a structure that can help you ace any Barkoczy exam. They are colour coded and easy to read.

These notes cover all examinable topics, including:
1. GOODS AND SERVICES TAX
INTRODUCTION TO GST
CHARGING GST
INPUT TAX CREDITS
ACCOUNTING FOR GST AND ITCS
ADJUSTMENTS AND ASSESSMENT RULES
FINANCIAL SUPPLIES
SUPPLIES OF A GOING CONCERN
INCOME TAX
INTRODUCTION TO INCOME TAX
INCOME TAX RATES AND LEVIES
TAX OFFSETS
INTRODUCTION TO ORDINARY INCOME
CHARACTERISING INCOME
INCOME FROM PERSONAL EXERTION
INCOME FROM BUSINESS
INCOME FROM PROFIT-MAKING SCHEMES
INCOME FROM PROPERTY
COMPENSATION AMOUNTS AND REIMBURSEMENTS
STATUTORY INCOME
EXEMPT INCOME AND NON-ASSESSABLE NON-EXEMPT INCOME
GENERAL DEDUCTIONS
INTRODUCTION TO GENERAL DEDUCTIONS
POSITIVE LIMBS
NEGATIVE LIMBS
CLOTHING EXPENSES
TRAVEL EXPENSES
HOME OFFICE EXPENSES
SELF-EDUCATION EXPENSES
HOME OFFICE EXPENSES
RENT AND LICENSE FEE EXPENSES
INTEREST EXPENSE
LEGAL EXPENSES
MANAGEMENT EXPENSES
SPECIFIC DEDUCTIONS
PROVISIONS THAT DENY OR LIMIT DEDUCTIONS
CAPITAL WRITE-OFFS AND ALLOWANCES
INTRODUCTION
CAPITAL ALLOWANCE REGIME
BUSINESS-RELATED ‘BLACKHOLE’ CAPITAL EXPENDITURE
TRADING STOCK
INTRODUCTION TO TRADING STOCK
TAX TREATMENT
TRADING STOCK ‘ON HAND’
ACCOUNTING FOR TRADING STOCK
VALUING TRADING STOCK
CALCULATING TRADING STOCK INCOME
SPECIAL TRADING STOCK RULES
CAPITAL GAINS TAX
CGT ASSET
COST BASE
CAPITAL PROCEEDS
NET CAPITAL GAINS AND LOSSES
TAXATION OF COMPANIES & SHAREHOLDERS
INTRODUCTION TO SUPERANNUATION
DIVIDENDS
IMPUTATION SYSTEM
CAPITAL RETURNS
SUPERANNUATION
SUPERANNUATION FUNDS
SUPERANNUATION GUARANTEE SCHEME
TAX TREATMENT OF SUPERANNUATION

Please be advised that you will need to update tax rates, etc. for the year you are completing this subject.


Monash

Semester 2, 2020


56 pages

23,927 words

$34.00

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Campus

Monash, Clayton

Member since

January 2017