Trading stock and capital expenditures
Issued by
The Tax Institute
The earner has demonstrated an understanding of the different capacities in which a taxpayer can hold an asset under income tax law and the impact of this on the income tax treatment for that taxpayer. The earner has determined the income taxation treatment of holding and disposing of trading stock, and holding and disposing of non-primary depreciating assets. They have calculated the income tax deduction available to a taxpayer for blackhole expenditure and for capital works costs.
- Time Hours
- Cost Paid
Earning Criteria
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Determine the income taxation treatment of holding and disposing of trading stock.
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Determine the income taxation treatment of holding and disposing of non-primary depreciating assets.
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Calculate the income tax deduction available to a taxpayer for blackhole expenditure.
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Calculate the income tax deduction available to a taxpayer for capital works costs.
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Earners complete 10 hours of online, self-paced, interactive learning, incorporating interactive examples, knowledge checks, case studies and a comprehensive activity.
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Successful completion of two online, multiple-choice assessments: Assessment 1: 20 multiple-choice questions within 60 minutes. Assessment 2: 6 scenario-based multiple-choice questions within 45 minutes.
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Achievement of a minimum score of 75% for all assessment tasks.