LAWS70002 Taxation of Business & Investment Income - HD NOTES

Description

HD Summary Notes and Sample Exam Structure for Taxation of Business and Investment Income Unit Topics include: 1. The structure of the Australian income tax system 2. The structure of the legislation, interaction mechanisms and derivation 3. Multi-step transactions 4. Deferred payments 5. Expense characterisation and calculation of cost 6. Valuation and conditions of employment 7. Reimbursements and apportionment of deductions 8. Capital gains tax: dissecting receipts and part disposals 9. Deemed disposals 10. Capital allowances and cost-base write-down 11. Creation of liabilities 12. Reimbursement and recovery of expenses