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Course

Taxation of Capital Gains - ATAX0311

Faculty: Australian School of Business

School: Australian School of Taxation and Business Law

Course Outline: ATAX0311 Course Outline

Campus: ATAX Campus

Career: Postgraduate

Units of Credit: 6

EFTSL: 0.12500 (more info)

Indicative Contact Hours per Week: 0

Enrolment Requirements:

Restricted to students enrolled in Programs 5540, 5272, 7270, 5273 or 7273

Excluded: ATAX0411, ATAX0511

CSS Contribution Charge: 3 (more info)

Tuition Fee: See Tuition Fee Schedule

Further Information: See Class Timetable

View course information for previous years.

Description

This course centres upon the basic structure and central concepts of the Australian Capital Gains Tax. It considers the policy rationale for taxing capital gains, and provides in-depth technical analysis of the legislation. It covers the general scheme, detailed calculation provisions, the impact of CGT on entities (such as companies, trusts and partnerships) and on specific assets, and the CGT concessions that exist in the roll-over and exemption provisions for individuals and large and small businesses. The course explores some of the key anti-avoidance provisions that exist, and aims to provide a thorough understanding of the key aspects of the Australian CGT.


Recommended Prior Knowledge

It is expected that you have a broad basic understanding of the capital gains tax regime as it applies in Australia.

Course Objectives

The objectives of this course are to give a clear understanding of the reasons for the introduction of a Capital Gains Tax in Australia, and to give a grounding in its scope and application in a variety of situations. A candidate who has successfully completed this course should:
  • Understand the rationale for taxing capital gains, and have an understanding of the scheme of capital gains taxation in Australia
  • Be able to determine the application of the CGT provisions in any given case
  • Have developed skills of statutory construction and critical review of interpretations of legislative provisions
  • Be prepared for more complex problem-solving in future courses

Main Topics

  • Background
  • Core provisions
  • Entities
  • Specific assets
  • Exemptions
  • Roll-overs and reorganisations
  • Small business concessions
  • Emerging issues

Course Texts

Textbook lists for ATAX courses will be available from the UNSW Bookshop from 1 February for Semester 1 courses and from 1 July for Semester 2 courses.
Library

Study Levels

Undergraduate Study Postgraudate Study Postgraduate Research Study Non-Award Study

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