Taxation Law and Practice (CLAW6026)

UNIT OF STUDY

Taxation is an inevitable reality for all individuals and businesses. The impact of taxation on business structures, transactions and decisions is both real and significant. An understanding of how taxation law works is not only vitally important for professional accountants but is also an essential management skill in an increasingly complex business environment. This unit introduces students to the principal forms of taxation within the Australian taxation system with a focus on concepts and principles of income tax law. Students will also learn how tax law is applied in practice. This unit covers key concepts of taxation in Australia (including the concepts of income, capital gains tax, deductions, and the residence and source principles) and examines the taxation of different entities (including partnerships, trusts and companies). The taxation of international business transactions is also considered.

Our courses that offer this unit of study

Further unit of study information

Classes

One 3 hour class per week which may include one or more of the following: lectures; seminars; tutorials or workshops.

Assessment

Mid-semester exam (20%), major assignment (30%), class performance (10%), and final exam (40%)

Faculty/department permission required?

No

Unit of study rules

Prerequisites and assumed knowledge

CLAW5001

Prohibitions

CLAW5002

Study this unit outside a degree

Non-award/non-degree study

If you wish to undertake one or more units of study (subjects) for your own interest but not towards a degree, you may enrol in single units as a non-award student.

Cross-institutional study

If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.