Fundamentals of Tax 2025-2026: Capital & Business Transactions package

This package deepens your understanding of the Australian tax framework by focusing on business-related income and expenditure, capital gains tax, capital allowances, and trading stock. It also explores practical tax administration and compliance processes. Designed for junior to mid-level practitioners, this package equips participants with the technical knowledge and applied skills needed to confidently handle more complex transactions and obligations in a business or advisory context.

Across the 6 sessions, participants will be able to:

Trading Stock

• Define and identify trading stock for tax purposes.
• Apply tax accounting rules for trading stock, including small business concessions.
• Recognise transactions involving stock and apply relevant tax treatments.

Capital Gains Tax (CGT): Core Rules

• Understand the purpose and structure of CGT.
• Apply core CGT concepts such as cost, effective life, depreciation methods, and balancing adjustments.
• Accurately calculate capital gains using a standard methodology.

CGT: Special Rules and Concessions

• Apply key CGT concessions and exemptions, including the main residence exemption and rollovers.
• Modify the basic CGT methodology based on specific transaction types.

Capital Allowances

• Understand and apply depreciation and capital allowance rules.
• Use pooling and instant asset write-off concessions for small businesses.
• Apply tax rules related to buildings and asset disposals.

Business-Related Income and Expenditure

• Characterise typical business expenses for tax treatment, including interest and borrowing costs.
• Identify basic tax planning strategies and common pitfalls.
• Address SME-specific expenses like wages, superannuation, FBT, and more.

Tax Administration and Compliance

• Understand the ATO's self-assessment and amendment process.
• Navigate the objection, appeal, audit, and review processes.
• Comply with statutory obligations related to tax administration.