Description
The third edition of Income Tax Law: principles and applications provides students with an overview of current tax principles and legislation.
Using clear and concise language, this fully revised and updated edition enables students to learn the relevant aspects of tax law at their own pace.
Features and Benefits
* Chapter overviews to introduce the chapter content to students
* A list of performance criteria at the start of each chapter indicating key learning outcomes
* A list of legislation at the start of each chapter showing relevant Acts and key tax sections supported by commentary on the application of these laws in the chapter and NEW! online updates
* Self-testing exercises (with solutions) to encourage self-paced learning and student revision
* Challenging end-of-chapter review questions to help students assess their understanding and consolidate their skills
* An Appendix of the new 2009 tax rates and thresholds providing a quick reference for students to apply tax law principles
* Relevant Australian Tax Office forms for all types of taxpayers
* Realistic case studies so students can complete tax return forms and build on the principles they have learned
* Chapter summaries to recap the key points addressed
* A comprehensive index so students can quickly locate relevant material within the text.
Part 1: Income Tax Principles
1. Outline of Tax Law in Australia
2. Method of Assessing Income Tax
3. Assessable Income
4. Income on Terminating Employment
5. Statutory Income and Exempt Income
6. Capital Gains Tax
7. Allowable Deductions
8. Employment deductions
9. Depreciation
10. Trading Stock
11. Tax Offsets (Rebates)
Part 2: Income Tax Applications
12. Partnerships
13. Primary Producers - Livestock Trading
14. Primary Producers - Concessions
15. Companies
16. Tax Losses
17. Income of Minors
18. Trusts
19. Superannuation Funds
20. Clubs and Associations
21. Tax Agent Registration
22. Objections and Appeals
23. Tax Planning and Tax Avoidance
24. Penalty Tax & Prosecutions
25. Fringe Benefits Tax
Part 3: Income Tax Returns
26. The Individual Income Tax Return
27. The Partnership Income Tax Return
28. The Trust Income Tax Return
29. The Superannuation Income Tax Return
30. The Company Income Tax Return
Tax Table
Solutions to chapter exercises
Index