ACCT5637 Principles of Taxation

Credit
6 points
Offering
(see Timetable)
AvailabilityLocationMode
Semester 1UWA (Perth)Face to face
Content
This unit provides an introduction to the law and practice of income taxation in Australia. It focuses on the principles governing the assessability of income and deductibility of expenditure, the treatment of capital gains and losses, the key provisions affecting individuals, partnerships, companies and trusts, and aspects of compliance and the appeals process. Core provisions of the Income Tax Assessment Act 1936 and the Income Tax Assessment Act 1997 are examined. Kindred legislation such as the Fringe Benefits Tax Assessment Act 1986 and the Taxation Administration Act 1953 is also considered.
Outcomes
Students are able to (1) identify and locate the fundamental provisions of the Income Tax Assessment Act 1936, Income Tax Assessment Act 1997 and Fringe Benefits Tax Assessment Act 1986 along with commentaries and cases relevant to them; (2) critically evaluate and solve taxation problems; (3) think and reason logically when examining income tax issues, drawing on knowledge gained from reading and interpreting legislation and case law; (4) discuss taxation problems and communicate solutions in a clear, concise and logical manner; (5) acquire mature judgement and responsibility in ethical and moral issues related to the application of taxation law, with particular appreciation of anti-avoidance issues and legislation; (6) demonstrate effective oral communication skills; and (7) develop competencies to work effectively in teams.
Assessment
Typically this unit is assessed in the following ways: (1) online activities; (2) in-class activities; and (3) final examination. Further information is available in the unit outline.

Supplementary assessment is not available in this unit.
Unit Coordinator(s)
Dr Mark Holub
Unit rules
Prerequisites:
ACCT5432 Introductory Financial Accounting
Contact hours
for standard teaching period—lectures/seminars: up to 3 hours per week
  • The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
  • All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
  • Books and other material wherever listed may be subject to change. Book lists relating to 'Preliminary reading', 'Recommended reading' and 'Textbooks' are, in most cases, available at the University Co-operative Bookshop (from early January) and appropriate administrative offices for students to consult. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.