Taxation Law and Practice
Taxation Law and Practice is designed to support lecturers, tutors and students in the practical application of taxation laws. The book is aligned to taxation law subjects commonly offered in Australian undergraduate and postgraduate Accounting programs.
The book aims to present complex principles as simply as possible, focusing on common areas of misunderstanding and highlighting compliance risk areas in each topic. Each chapter contains numerous worked examples, self testing
exercises and graded review questions. Accompanying the textbook is an interactive
digital edition, worked solutions to chapter review questions, lecture slides and additional case studies.
This text is designed to cover Competency Area 9: Taxation of the accreditation standards, and includes all relevant legislation enacted at 1st January 2022.
Learning Outcomes covered in this text:
- Identify the sources of taxation law and the framework in which taxation is administered.
- Identify various types of taxation including income tax, consumption taxes, and taxes on capital.
- Identify and apply the fundamentals of calculating the taxable income and tax payable for individuals and entities.
Chapter List:
01 Income Tax: Introduction and Calculation
02 Assessable Income: Residency and Source of Income
03 Assessable Income: Personal, Property and Business
04 Fringe Benefits Tax
05 Capital Gains
06 General Deductions
07 Specific Deductions
08 Trading Stock
09 Goods and Services Tax
10 Tax Accounting
11 Small Business Entities
12 Partnerships
13 Companies
14 Income of Minors
15 Trusts
16 Superannuation Funds
17 Taxation Administration
18 Tax Planning and Anti-Avoidance
