This unit examines, in detail, the salient provisions of Part 3-1 and 3-3 of the Income Tax Assessment Act 1997. Particular attention is paid to the theoretical underpinnings of the capital gains tax (CGT); the definition of an asset, the acquisition and disposal of assets; CGT events and the calculation of a net gain or loss and the carry-forward of losses; the deferment of tax by rollovers; resident and non-resident status; and the special provisions relating to companies, shareholders, trusts, leases and the principal residence. The unit has a practical problem-solving orientation. -- Course Website
Instructor: George Syrota
