16237 Property Taxation
Warning: The information on this page is indicative. The subject outline for a
particular session, location and mode of offering is the authoritative source
of all information about the subject for that offering. Required texts, recommended texts and references in particular are likely to change. Students will be provided with a subject outline once they enrol in the subject.
Subject handbook information prior to 2025 is available in the Archives.
Credit points: 6 cp
Subject level:
Undergraduate
Result type: Grade and marksRequisite(s): 16264 Property Accounting and Financial Management AND 16235 Urban Economics AND 16466 Macroeconomics for Property
These requisites may not apply to students in certain courses. See access conditions.
Description
This subject analyses various forms of taxation relating to property holdings and property investment; income tax, capital gains tax, depreciation allowances, land tax, stamp duties and goods and services tax; taxation of trusts; negative gearing; and alternative forms of taxation and their likely impacts on the property industry.
Subject learning objectives (SLOs)
On successful completion of this subject, students should be able to:
| 1. | Identify assessable income and allowable deductions with regards to income producing property |
|---|---|
| 2. | Prepare and analyse schedules for the decline in value of assets and capital works |
| 3. | Use taxation skills and knowledge in the analysis and preparation of rental property schedules |
| 4. | Use basic taxation skills and knowledge applicable to the application of ABN and GST |
| 5. | Relate GST matters specific to the Built Environment |
| 6. | Use taxation skills to analyse and identify capital gain matters specific to the Built Environment |
Contribution to the development of graduate attributes
Graduate Attributes:
The term CAPRI is used for the five Design, Architecture and Building graduate attribute categories where:
C = communication and group work
A = attitudes and values
P = practical and professional
R = research and critique
I = innovation and creativity
This subject encourages student learning to develop these graduate attributes. The course content, learning strategies and assessment structure is explicitly designed with these attributes in mind.
Teaching and learning strategies
Block classes on campus incorporating studio workshops/tutorials/online resource learning, online tutorials and self-assessment problems. The learning activities in this subject include problem-based learning, practical exercises, and case study exam questions. Each case study question is designed to provide a building platform for the student to develop their professional practice and problem solving skills. Students are encouraged to methodically work through all the questions and case studies which will provide the opportunity for each student to systematically benchmark their performance against each topic. This progressive review for each topic is essential. This subject is modelled on real life situations, predominantly relating to the Built Environment.
ONLINE RESOURCES
A detailed overview of subject material and information on associated tasks and assessment items are included in the online subject documents. Also online are essential and recommended readings and case studies. Significantly, the readings support subject content by providing students with an overview of theory associated with the wide-ranging body of knowledge related to property taxation. Emphasis will be placed on independent student interaction with online tutorials as well as prereading of subject material to facilitate greater understanding of each topic.
ASSESSMENT
Content knowledge in this subject is assessed in the form of a written test and formal examination. Such assessments test high level analysis and research skills, combined with the application of relevant legislation related to property taxation. The written test comprises of a case study question from Topic 6, where the students are provided with the sample question during the second day of block classes. The formal examination comprises of 80% of the marks in the form of case study questions, where these identical questions are provided to the students on the fourth day of the block classes.
FEEDBACK
Feedback is provided to students within two weeks of the due date for their first assessment task. The students will be provided with written feedback, plus a workshop discussing the relevant solutions. In addition, self-assessment feedback is available for the student at the completion of each topic with graded resources through CCH Publications. Where appropriate, supplementary questions and solutions will be available on UTS Online.
Content (topics)
- Assessable income
- Allowable deductions
- Decline-in-value
- Capital works
- Rental property schedules/ negative gearing
- A.B.N. and GST
- Green buildings
- Capital gain tax
Assessment
Assessment task 1: Class Test
| Intent: | To assess content knowledge from block classes held on day one and day two. | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Objective(s): | This task addresses the following subject learning objectives: 1, 2 and 3 This task also addresses the following course intended learning outcomes that are linked with a code to indicate one of the five CAPRI graduate attribute categories (e.g. C.1, A.3, P.4, etc.): .6 | ||||||||||||||||
| Type: | Examination | ||||||||||||||||
| Groupwork: | Individual | ||||||||||||||||
| Weight: | 40% | ||||||||||||||||
| Length: | Two hours closed book test which is undertaken at UTS campus and incorporating COVID-19 | ||||||||||||||||
| Criteria linkages: |
SLOs: subject learning objectives CILOs: course intended learning outcomes |
Assessment task 2: Final Exam
| Intent: | To assess comprehensive understanding of subject knowledge with a major emphasis from block classes held on day three and day four. Additionally, the identical exam case study questions provided during class on day 4, will feature in the final exam. | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Objective(s): | This task addresses the following subject learning objectives: 4, 5 and 6 This task also addresses the following course intended learning outcomes that are linked with a code to indicate one of the five CAPRI graduate attribute categories (e.g. C.1, A.3, P.4, etc.): .3 and .6 | ||||||||||||||||
| Type: | Examination | ||||||||||||||||
| Groupwork: | Individual | ||||||||||||||||
| Weight: | 60% | ||||||||||||||||
| Criteria linkages: |
SLOs: subject learning objectives CILOs: course intended learning outcomes |
Minimum requirements
The DAB attendance policy requires students to attend no less than 80% of formal teaching sessions (lectures and tutorials) for each class they are enrolled in to remain eligible for assessment.
Required texts
Readings will be available from the Australian Taxation Office website and various other platforms relevant to the topics covered in this subject.
Recommended texts
Australian Master Tax Guide (CCH) 2024 Edition printed by Wolters Kluwer and also previous year editions are suitable.
Australian Taxation Study Manual, 30th Edition, Nethercott, Devos, Gonzaga 2020, Oxford Publishers
Earlier and later editions are also suitable
Details are available on the Canvas platform for this subject and necessary readings will be available from the library and canvas platform