Summary of Required Readings for LWB364

WEEK TOPIC TOPIC NO READINGS REQUIRED

Kobetsky Historical context, evaluation criteria and sources of tax law: Chapter 1, [1.10] -[1.230]; Sources of tax law: Chapter 1, [1.320] [1.390]; Overall scheme of legislation: Chapter 2, [2.10] - [2.140]; and The role of the ATO: Chapter 17, [17.10] [17.320]. Kobetsky Residence: Chapter 6, [6.30] - [6.160]; Concepts of ordinary income: Chapter 2, [2.150] - [2.410]; Income from personal exertion: Chapter 3, [3.10] - [3.320]; Income from property: Chapter 3, [3.340] - [3.350]; Chapter 5, [5.10]; [5.80] - [5.140]; Business income: Chapter 4, [4.10] - [4.340]; and Derivation and trading stock: Chapter 12, [12.10] - [12.640]. Legislation: Sections 4-10; 4-15; 6-5; 6-10 of the 1997 Act Sections 4-10; 4-15; 6-5; 6-10 of the 1997 Act Section 15-2 of the 1997 Act Sections 21, 21A of the 1936 Act Cases

Introduction to Taxation Law

Assessable Income

2 3 Assessable Income (cont)

Evans v FCT (1989) 20 ART 922; [1989] FCA 205 FCT v Myer Emporium Ltd (1987) 163 CLR 199, [1987] HCA 18 Westfield Ltd v FCT (1991) 28 FCR 333

Tax Rulings: Taxation Ruling TR 98/17 Taxation Ruling TR 97/11 Income tax: am I carrying on a business of primary production? Taxation Ruling TR 92/3 Income tax: whether profits on isolated transactions are income Taxation Ruling TR 98/1 Income tax: determination of income; receipts

WEEK

TOPIC

TOPIC NO

READINGS REQUIRED
versus earnings Kobetsky General deductions: Chapter 10, [10.10] - [10.630]; and Specific deductions: Chapter 11, [11.10] - [11.570]. Legislation: Sections 8-1, 70-10; 70-35 (1997 Act) Sections 25-10, 40-72, 40-75 and Div 28 (generally) 1997 Act

Allowable Deductions

3 5 Allowable Deductions (cont)

Cases

FCT v Day [2008] HCA 53 Spriggs v FCT; Riddell v FCT [2009] HCA 22

Tax Rulings Taxation Ruling TR 98/9 Income tax: deductibility of self -education expenses incurred by an employee or a person in business Taxation Ruling TR 95/14 Income tax: employee teachers - allowances, reimbursements and work-related deductions

6 7 8

Capital Gains Tax Introduction Capital Gains Tax Special Topics Capital Gains Tax Special Topics (cont) 4

Kobetsky Capital Gains Tax: Chapter 8, [8.10] - [8.800].

Objection to Assessment and Memo of Advice

Mid-Semester and Easter Break

Goods and Services Tax (GST) and Fringe Benefits Tax (FBT)

WEEK 10 11

TOPIC NO WORKSHOPS Taxation Planning and Taxation of Entities

TOPIC NO

READINGS REQUIRED

6,7

12

State Taxes