Handbook

This subject presents students to Australian Taxation Law policies and principles in a practical business environment. Students will interpret relevant tax law and apply other legal resources to scenarios typical of those encountered by professional accountants to produce client advice. The focus of this subject is on the application of taxation law, in particular, the concepts of assessable income, allowable deductions, capital gains tax, tax rates and tax offsets. Special provisions of taxation eg. repairs, depreciation, and capital allowances are also examined. Fringe benefits tax is explored, and the Goods and Services Tax including its impact on business is also examined.