UNSW Handbook Course - Taxation of Companies, Trusts and Partnerships

Taxation of Companies, Trusts and Partnerships - ATAX0113


	Faculty: Faculty of Law
	School: Australian School of Taxation
	Course Outline: See below
	Campus: ATAX Campus
	Career: Postgraduate
	Units of Credit: 6
	EFTSL: 0.125 (more info)
	Contact Hours per Week: 0
	Enrolment Requirements:
	Restricted to students enrolled in Program 5541
	Fee Band: 1 (more info)
	Further Information: See Class Timetable

Description

This course deals with the taxation of companies, partnerships and trusts, the key structures for business and investment in Australia. This comparative treatment emphasises a coherent understanding of the tax structures and a critical appreciation of the reasons for them. The course deals with practical problems arising from concepts of legal personality (or the lack of it), dual tax at the entity and member level, including the various distribution rules and operation of company franking mechanisms. The course also considers the divergences between the taxation of different structures, and the practical consequences of these divergences.

Recommended Prior Knowledge

ATAX0009 Law of Companies, Trusts and Partnerships
ATAX0100 Principles of Australian Taxation Law
Or Equivalent

Course Objectives

This course will help students develop the following skills and knowledge:

an understanding of the legal status of companies, trust and partnerships with specific understanding of the concept of legal personality
an understanding of the essential principles of taxation law applying to companies, trusts and partnerships
an ability to compare and contrast the tax and legal implications of investing via one or other of companies, trusts and partnerships, from the perspective of the investor/shareholder and in the case of companies and trusts that of the investment vehicle itself
an ability to recognise and solve legal and tax problems.

Modes of Delivery

Flexible Learning

Assessment

Assignment 1	2000-2500 words	25%
WebCT Quiz 1		5%
WebCT Quiz 2		5%
WebCT Quiz 3		5%
Final Examination	Open book	60%

Pass Requirements

50 per cent or more of the total marks available in the course and
at least 40 per cent of the marks available for the final examination in the course.

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© The University of New South Wales (CRICOS Provider No.: 00098G), 2004-2011. The information contained in this Handbook is indicative only. While every effort is made to keep this information up-to-date, the University reserves the right to discontinue or vary arrangements, programs and courses at any time without notice and at its discretion. While the University will try to avoid or minimise any inconvenience, changes may also be made to programs, courses and staff after enrolment. The University may also set limits on the number of students in a course.