COMMLAW 7016 - Business Taxation & GST (M)

The objective of the course is to help students understand the law and application of key types of business tax and the goods and services tax. The course aims to build upon the concepts covered in Income Tax Law (M) and this subject, or an equivalent undergraduate Income Tax Law subject, is assumed knowledge. Topics to be covered include: an Introduction to Business Taxes, including a review of the taxation of business income and a review of recent business tax reforms; Business Tax Entity Issues, including taxation of entity distributions, treatment of losses and entity consolidations; Capital Gains Tax Special Topics, including roll-over relief and the application of the Small Business CGT concessions; Goods and Services Tax fundamental concepts; Remuneration Taxes, including fringe benefits tax and superannuation guarantee charge; State Business Taxes, including land tax, payroll tax and stamp duties and International tax issues. The course will apply the concepts to facilitate tax Planning, and in particular with respect to highlighting the various issues on the acquisition and disposal of a business.