|Taxation of Companies, Trusts and Partnerships - ATAX0013|
This course is an introduction to taxation of the company, partnership and trust. The course provides a brief introduction to the key concepts and legal framework of each of these business and investment vehicles, with emphasis on the concept of legal personality. It pulls together the basic structural elements of the key business vehicles and provides a comparative overview of their key features and taxation. It covers practical problems arising from the taxation of the company and trust. This includes tax on the company itself, including restrictions on the carry-forward of losses and taxation of profits distributed to members. The course looks at the income taxation of the partnership or, more accurately, the partners. This includes the basis for allocating income and losses between partners. It deals with the basic capital gains tax framework on each of the vehicles. It gives a brief overview of the main heads of entity tax avoidance. These are then examined in the context of the push for tax neutrality.
Recommended Prior Knowledge
Students are advised to have completed ATAX0001 Basic Tax Law and Process or ATAX0100 Principles of Australian Taxation Law prior to undertaking this course. Students enrolled in the BTax are required to have completed or be currently enrolled in ATAX0009 The Law of Companies Trusts and Partnerships.
This course will help you develop the following skills and knowledge:
2 Online multiple choice quizzes
Information regarding the Atax Textbook Lists for Semester 1 will be available on the UNSW Bookshop website from 1 February.
Information regarding the Atax Textbook Lists for Semester 2 will be available on the UNSW Bookshop website from 1 July.
Refer to Course Profile supplied by Lecturer.
Order from UNSW Bookshop: