Capital Gains Tax: Problems in Practice (LAWS70081)
Graduate coursework level 7Points: 12.5On Campus (Parkville) and Online
About this subject
Contact information
March
Teaching staff:
Michael Flynn (Subject Coordinator)
Anna Wilson
For current student enquiries, contact the Law School Academic Support Office
October
Teaching staff:
Michael Flynn (Subject Coordinator)
Anna Wilson
For current student enquiries, contact the Law School Academic Support Office
Overview
| Availability(Quotas apply) | March - Online October - On Campus |
|---|---|
| Fees | Look up fees |
This core tax subject examines the law, policy and structural features of capital gains tax (CGT) in Australia and considers and applies CGT rules in a number of different private and business contexts. The subject examines the operation of CGT in detail in the context of the treatment of information and goodwill, earn-outs, the application of CGT to non-residents, in relation to real estate transactions, litigation and the use of trusts and deceased estates.
Indicative list of principal topics:
- The capital revenue distinction
- Structure of the capital gains tax system and its interaction with other tax provisions
- Selected CGT Events and their key concepts
- The CGT treatment of information and goodwill
- The CGT treatment of earn-outs
- The application of CGT to non-residents
- CGT rollovers
- The small business CGT concessions
- Capital gains tax problems in conveyancing and real estate development
- Capital gains tax problems in compensation payouts
- Capital gains tax problems in trusts and estates.
Intended learning outcomes
A student who has successfully completed this subject should be able to:
- Explain and analyse the application of Australian capital gains rules as they apply to a range of circumstances commonly encountered in professional practice
- Critically examine, analyse, interpret and apply the Australia capital gains rules
- Critically explain the tax system design principles as they apply to the taxation of capital income
- Discuss and debate the application of tax system design principles as they apply to the taxation of capital income
- Examine, research and analyse the application of the Australian capital gains rules to taxpayer circumstances commonly encountered in professional practice
- Articulately and persuasively convey complex information regarding the Australian capital gains rules to specialist and non-specialist audiences alike.
Last updated: 4 March 2025