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Trading stock & capital expenditures
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: An understanding of the taxation of income and income tax deductions in particular will be beneficial before undertaking this unit.
These topics are covered in the Taxation of income and Income tax deductions units respectively.
Learning outcomes:
- Determine the income taxation treatment of holding and disposing of trading stock.
- Determine the income taxation treatment of holding and disposing of non-primary depreciating assets.
- Calculate the income tax deduction available to a taxpayer for blackhole expenditure.
- Calculate the income tax deduction available to a taxpayer for capital works costs.