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Taxation of income
Unit details
Level: Professional
Estimated learning duration: 10 hours
CPD: 10 hours
Assessment: Part 1: 20 multiple choice questions within 60 minutes. 75% pass mark.
2 attempts permitted.
Part 2: 6 scenario-based multiple choice questions within 45 minutes. 80% pass mark.
2 attempts permitted.
Assumed knowledge: There is no tax technical knowledge assumed for this unit.
Learning outcomes:
- Apply the taxation principles of residency, source and derivation to a range of tax entities and scenarios.
- Determine the taxation treatment of ordinary and statutory income calculating a resident tax entities assessable income.
- Determine the taxation treatment of common types of exempt and non-assessable, non-exempt income.