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Australian Tax 2024
A text designed to fast track your tax career.
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Product description
Australia has one of the most complex tax systems in the world; thus, the study of tax poses significant challenges. As an introductory text for law and business students, Australian Tax 2024 provides a clear understanding of the basics of the Australian tax system through a step-by-step approach to unravelling complex law.
This book uses a unique three-level tax pyramid approach to demystify taxation policy and the key income tax, FBT and GST tax equations used to calculate tax payable/refundable. Learning is supported by examples to demonstrate the operation of tax law in commercial practice as well as by questions ranging in difficulty. Online learning support enables the reader to check their understanding of chapter problems.
Features
• Uses a unique three-level tax pyramid approach to demystify taxation policy and the key income tax, FBT and GST tax equations used to calculate tax payable/refundable
• Teaches students tax problem-solving skills
• Self-learning student material
Related Titles
• Kenny & Walpole, Concise Tax Legislation, 2023
• Kenny, Quick Reference Card: Tax I and II, 2013
• Khoury, LexisNexis Case Summaries: Tax, 8th ed, 2015
• Taylor, Walpole, Ciro & Murray, Understanding Taxation Law, 2023
Table of contents
- 1. The taxpayers and introduction
- 2. Who we don’t tax, free riders and policy
- 3. Income tax basics
- 4. International tax
- 5. Income tax accounting
- 6. Ordinary income
- 7. Statutory income
- 8. Non-assessable income
- 9. Capital gains and losses
- 10. General deductions
- 11. Specific deductions
- 12. Deduction limitations
- 13. Capital allowances
- 14. Entities
- 15. Superannuation and eligible termination payments
- 16. Special taxpayers
- 17. Anti-avoidance
- 18. Fringe benefits tax
- 19. Goods and services
- 20. Tax planning
- 21. Tax administration
- 22. Taxation in practice
- 23. Solving complexity