INCOME TAXATION LAW

LAW3ITL

2020

Credit points: 15

Subject outline

The aim is to provide students with an understanding of income taxation in Australia. Topics covered include the concept of income, assessable income, allowable deductions, taxation of entities (companies, partnerships and trusts) and tax planning and anti-avoidance. The emphasis will be on the practical application of principles via a problem-focused approach, with broad policy issues also covered

SchoolLa Trobe Law School

Credit points15

Subject Co-ordinatorDavid Wishart

Available to Study Abroad StudentsYes

Subject year levelYear Level 3 - UG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites LAW1LIM and LAW2CTA

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsPrinciples of Taxation LawPrescribedSadiq et al, 2019Thomson Reuters
ReadingsAustralian Taxation Law CasesRecommendedRichard Krever, 2019Thomson Reuters
ReadingsFundamental Tax LegislationRecommendedDale Pinto, Keith Kendall & Kerrie Sadiq 2019.Thomson Reuters

Graduate capabilities & intended learning outcomes

01. Demonstrate the ability to apply basic legal knowledge and skills in analysing and interpreting income tax law.

Activities:
Problem based questions in tutorials
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Study and Learning Skills)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

02. Determine, on behalf of a client, alternative methods of structuring a transaction with the constraints of income tax law.

Activities:
Problem based questions in tutorials
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Study and Learning Skills)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

03. Evaluate different tax policy alternatives.

Activities:
Theory questions in tutorials.
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Study and Learning Skills)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

04. Develop generic skills, which a undercity student ought to acquire by graduation, at a senior undergraduate level.

Activities:
Problem based questions in tutorials.
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Study and Learning Skills)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

Subject options

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Start date between: and    Key dates

Bendigo, 2020, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Wishart

Class requirements

Lecture Week: 10 - 22
One 2.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via video conference.

Tutorial Week: 10 - 22
One 1.0 hours tutorial per week on weekdays during the day from week 10 to week 22 and delivered via blended.

Assessments

Assessment elementComments% ILO*
Final Exam2000 word equivalent40 01, 02, 03, 04
Problem-solving task (Factual situations requiring application of legal principles)2000 word equivalent40 01, 04
2 Quizzes 250 words each20 01, 02

Melbourne, 2020, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Wishart

Class requirements

Tutorial Week: 10 - 22
One 1.0 hours tutorial per week on weekdays during the day from week 10 to week 22 and delivered via blended.

Lecture Week: 10 - 22
One 2.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via video conference.

Assessments

Assessment elementComments% ILO*
Final Exam2000 word equivalent40 01, 02, 03, 04
Problem-solving task (Factual situations requiring application of legal principles)2000 word equivalent40 01, 04
2 Quizzes 250 words each20 01, 02