Understanding Taxation Law 2024
The essential tax reference for business, accounting and law students
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Understanding Taxation Law 2024 is a comprehensive introduction for all those seeking to gain a sense not only of how Australian taxation works but also where new developments fit into the system. Through digestible extracts from cases, with fact summaries, key passages from Australian Taxation Office rulings, and contextualised discussion of legislative provisions, the text supports learning and enables the reader to identify the important principles of taxation law.
The book concentrates on the Income Tax Assessment Act 1997 (Cth) and the Income Tax Assessment Act 1936 (Cth), and on the jurisprudence interpreting those Acts and associated Acts. Case summaries and legislative extracts, problem-solving activities and worked examples, as well as flowcharts, diagrams and tables, provide a highly accessible learning framework. The text is supported by interactive online learning activities and resources.
• Focuses on the Income Tax Assessment Act 1997 (Cth) (ITAA97), the Income Tax Assessment Act 1936 (Cth) (ITAA36), and on the jurisprudence interpreting those Acts and associated Acts
• Covers fringe benefits tax (FBT) and goods and services tax (GST)
• Learning activities, discussion questions, problems and case studies provided to assist students reading the extracts, in the context of a chapter, to gradually become less intimidated by legislation and cases, as they develop the skills necessary to understand and apply them in real-world situations
• Kenny & Walpole, Concise Tax Legislation, 2023
• Kenny, Blissenden & Villios, Australian Tax, 2023
• Khoury, LexisNexis Case Summaries: Tax, 8th edition, 2015
• Sangkuhl & Buttigieg, LexisNexis Questions and Answers: Taxation Law, 2016
Table of contents
- How to Use Understanding Taxation Law 2024
- Table of Cases
- Table of Statutes
- 1. Introduction
- 2. Structure of the Acts and the Income Concept
- 3. Income According to Ordinary Concepts
- 4. The Derivation Method and Measurement of Income
- 5. Statutory Income
- 6. Capital Gains Tax
- 7. Fringe Benefits Tax
- 8. General Deductions
- 9. Specific Deductions
- 10. Capital Allowances
- 11. Trading Stock
- 12. Taxation of Companies
- 13. Taxation of Shareholders
- 14. Taxation of Partnerships
- 15. Taxation of Trusts
- 16. Tax Administration: Review and Enforcement Issues
- 17. Anti-Avoidance Measures
- 18. International Tax
- 19. Goods and Services Tax