LAWS3412 Australian Income Tax - Final Exam Notes

Description

This is a very concise/thorough, yet only necessary summary notes that I have used for my final exam. Please refer to the sample of the notes provided to see how user-friendly and exam-friendly it has been formatted. If you are aware of the course content, you will note that there is a lot of thought that has gone into the structure of the notes. Any relevant legislation, case law, lecture highlights have been included with attention to any tests that should be used in problem questions, as well as anything highlighted by lecturer during lecture. Below is a list of topics covered: 1. Introduction 2. Concepts of Income 3. Capital gains tax 4. Income from property, compensation receipts and periodic receipts 5. Taxation of remuneration 6. Fringe Benefits Tax 7. Business Income 8. Deductions - Relevance and the capital/revenue distinction 9. Business Taxation 10. Entity taxation 11. Issues in Tax Administration 12. Goods and Services Tax 13. Ethical conduct and rules to counter tax avoidance