These are the notes for BTF3931 Taxation law at Monash Uni. They cover all the course content across the twelve topics taught in the unit (See contents below). The notes also include the most helpful resource that I created - summaries / answer guides to key areas and tricky tax questions, which help you to ace certain key exam and test questions. These notes and answer guides helped me achieve a HD in the unit, and helped me to ace the exam and reinforce my learning. All the best! Table of Contents Week 1 – Introduction (Basics of Australia’s Tax System) Week 2 – Income Tax Introduction, Residency and Source Income Tax Introduction Income Tax – Residency and Source Week 3 – Ordinary Income and Personal Services Income Week 4 – Business Income Part A – Income from business Part B – Tax accounting for receipts Week 5 – Extraordinary and isolated transactions; Compensation receipts; Income from Property Part 1 – Extraordinary and isolated transactions Part 2 – Compensation Receipts Part 3 – Income from property Week 6 – Capital Gains Tax (CGT) Week 7 – General Deductions Week 8 – Specific Deductions Part 1 Week 9 – Specific Deductions Part 2 Week 10 – Goods and Services Tax (GST) Week 11 – Fringe Benefits Tax (FBT) Week 12 – Tax Avoidance and Tax Administration Cost Base of a CGT Asset (Income Tax Assessment Act 1997 s110-25) General Deductions Framework (s8-1) GST Summary FBT Worked Example


Semester 1, 2021

59 pages

27,232 words



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