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Unit of study_

Tax of Business and Investment Income B - LAWS6841

This unit, along with LAWS6840 Tax of Business and Investment Income A, is designed to provide an advanced study of the income and capital gains tax treatment of various complex commercial transactions. The goal of this unit is to develop an understanding of the policies, detailed rules and current practical problems involved in this area of taxation, through the analysis of a number of specific problems that will be discussed in the seminars. Because of continual change to the taxation system, recent legislative amendments and judicial decisions will be examined in detail where applicable. This unit will cover the following topics: issues in business financing, including asset leasing; tax issues related to the use and development of land and buildings; the treatment of 'black hole' expenses; tax accounting for income, expenses and profits; and specific and general anti-avoidance rules. This unit can be taken alone or in conjunction with LAWS6840 Tax of Business and Investment Income A.

Classes
Law School Group (S2C): 1x2-hr lecture/week. First class starts on Jul 31, 8-10am. Refer to Law School timetable https://canvas.sydney.edu.au/courses/4533/pages/postgraduate-coursework-homepage. Deloitte Sydney Group (S2CIAU) and Deloitte Regional Group (S2CRA) refer to Deloitte timetable. Law School students are not permitted to enrol in the Deloitte groups.

Assessment
class work (30%) and 2hr exam (70%)

Additional information
Academic Profile https://sydney.edu.au/law/about/our-people.html. The unit is also available on a Continuing Professional Development basis https://sydney.edu.au/law/cpd/

Assumed knowledge
It is assumed that students undertaking this unit have an understanding of Australian income taxation law commensurate with that which would be obtained from completing undergraduate study in Australian taxation law or five years working with Australian tax law in a law or accounting practice in an industry role or in the Australian Taxation Office. For students who do not have such knowledge or work experience they first should undertake LAWS6825 Introduction to Australian Business Tax before enrolling in this unit.

Details

Faculty: Sydney Law School

Intensive August

22 Jul 2019

Department/School: Law
Study Mode: Normal (lecture/lab/tutorial) day
Census Date: 23 Aug 2019
Unit of study level: Postgraduate
Credit points: 6.0
EFTSL: 0.125
Available for study abroad and exchange: No
Faculty/department permission required? Yes
Faculty: Sydney Law School

Semester 2

05 Aug 2019

Department/School: Law
Study Mode: Normal (lecture/lab/tutorial) day
Census Date: 31 Aug 2019
Unit of study level: Postgraduate
Credit points: 6.0
EFTSL: 0.125
Available for study abroad and exchange: No
Faculty/department permission required? Yes
Faculty: Sydney Law School

Semester 2a

05 Aug 2019

Department/School: Law
Study Mode: Normal (lecture/lab/tutorial) day
Census Date: 23 Aug 2019
Unit of study level: Postgraduate
Credit points: 6.0
EFTSL: 0.125
Available for study abroad and exchange: No
Faculty/department permission required? Yes
Location
Camperdown
More details
Unit of Study coordinator: Mr Micah Burch
HECS Band: 3
Courses that offer this unit

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 undertake cross-institutional study in one or more units of study at the University of Sydney.

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