CO5120 Reading Guide

All of the paragraph numbers below are from Woellner et al,

Australian Taxation Law 27th ed 2017.

Module 1 - Introduction

Chapter 1
¶1-000 to ¶1-070
¶1-180 to ¶1-230
¶1-310 to ¶1-520
¶1-530 to ¶1-620

Chapter 2
¶2-000 to ¶2-040
¶2-500 to ¶2-520

Chapter 3
¶3-000

Chapter 9
¶9-000

Chapter 10
¶10-000

Chapter 24
¶24-040 to ¶24-059
¶24-100 to ¶24-160

Module 2 - Income

Chapter 3
¶3-000 to ¶3-3-420

Chapter 4
¶4-000 to ¶4-070
¶4-100 to ¶4-190
Chapter 5
¶5-000

Chapter 6
¶6-000
¶6-480
¶6-490
¶6-800

Chapter 9
¶9-000 to ¶9-010
¶9-020-¶9-030
¶9-075
¶9-250 to ¶9-255

Module 3 - Income

Chapter 4
¶4-000 to ¶4-070; (Ordinary income)
¶4-100 to ¶4-150; (Statutory income)
¶4-700 to ¶4-755; (Employment Termination Payments)
¶4-800 to ¶4-820. (Redundancy and Early Retirement payments)

Chapter 5
¶5-200 to ¶5-275; (Interest)
¶5-400 to ¶5-420; (Rental income) and
¶5-500 to ¶5-525 (Royalties) (of lesser importance).

Chapter 6
¶6-000 to ¶6-490; (Income from Business)
¶6-800 - ¶6-810; (Cancellation of Business Contracts)
¶6-850; (Cancellation of Agency agreements)
¶6-880. (Apportionment of compensation payments)

Chapter 14 - (Trading stock)

¶14-000 to ¶14-035;
¶14-060 to ¶14-070;
¶14-080 to ¶14-145; and
¶14-160.

Chapter 23
¶23-400 to ¶23-520 (Superannuation benefits).
 Module 4 - Deductions

Chapter 10
¶10-000 to ¶10-240 (General deductions – s 8-1’s ‘positive limbs’);
¶10-250 to ¶10-330 (General deductions – s 8-1’s ‘negative limbs’);
¶10-430 (Home office expenses);
¶10-440 (Self-education);
¶10-470 (Legal Expenses);
¶10-475 (Travel expenses);
¶10-550 (Fines and penalties);
¶10-565 (Payments to related entities);
¶10-585 (Bribes);
¶10-600 (Entertainment);
¶10-605 (Non-compulsory uniforms);
¶10-607 (Reimbursements).

Chapter 11
¶11-635 (Travel ‘to’ and ‘on’ work)

Module 5 – Specific Deductions

Chapter 10
¶10-460 (Interest - ‘Use Test’ only);

Chapter 11
¶11-000 (Specific deductions generally);
¶11-020 to ¶11-080 (Repairs);
¶11-440 to ¶11-460 (Bad debts);
¶11-500 to ¶11-520 (Prior year losses);
¶11-550 to ¶11-558 (Non-commercial business activities);
¶11-565 (Borrowing expenses);
¶11-680 to ¶11-695 (Gifts).

Chapter 12 - Depreciation
¶12-000;
¶12-100 to ¶12-270;
¶12-300 to ¶12-320;
¶12-500 to ¶12-540.

Chapter 13
¶13-530 (Prepaid expenses).
 Module 6 – Capital Gains Tax

Chapter 7 - Capital Gains Tax

¶7-000;
¶7-015 to ¶7-025;
¶7-030 to ¶7-050;
¶7-100 to ¶7-120;
¶7-500 to ¶7-510;
¶7-520 to ¶7-535;
¶7-550 to ¶7-570;
¶7-600 to ¶7-605;
¶7-610;
¶7-620 to ¶7-660;
¶7-690 to ¶7-692;
¶7-698;
¶7-700 to ¶7-720;
¶7-900 to ¶7-950.

Chapter 8
¶8-700 to ¶8-730 (CGT impact on non-residents).

Module 7 & 8 – Taxation of Companies (Including Imputation)

Chapter 18
¶18-000 to ¶18-010 (Overview);
¶18-100 to ¶18-130 (Basic corporate and member tax rules);
¶18-200 to ¶18-210 (Taxation of corporate distributions);
¶18-330 to ¶18-390 (The basic imputation rules);
¶18-500 to ¶18-520 (Deemed dividends – loans and excessive payments);

Chapter 20 – Consolidated Groups

¶20-000;
¶20-010 to ¶20-060.

Module 9 - Partnerships

Chapter 7
¶7-980 (capital gains tax on partnership assets).

Chapter 10
¶10-565 (payments to related entities).
Chapter 16
¶16-000 to ¶16-080;
¶16-090;
¶16-200 to ¶16-260;
¶16-320;
¶16-400 to ¶16-440;
¶16-460 to ¶16-480;
¶16-800.

Module 10 - Trusts

Chapter 17
¶17-000 to ¶17-050;
¶17-060 to ¶17-105;
¶17-110 to ¶17-130;
¶17-230 to ¶17-250.

Chapter 21
¶21-010 to ¶21-050 (taxation of minors’ income).

Module 11 – Tax Administration

Chapter 29
¶29-100 to ¶29-205;
¶29-240 to ¶29-270.

Chapter 30
¶30-000 to ¶30-033;
¶30-055 to ¶30-065;
¶30-070 to ¶30-120;
¶30-140 to ¶30-155.

Chapter 31
¶31-300 to ¶31-350.

Chapter 32
¶32-400 to ¶32-410;
¶32-460 to ¶32-465.

Chapter 33
¶33-000 to ¶33-066;
¶33-100 to ¶33-110;
¶33-600.