The fourth edition of this standard text on taxation law continues to provide a comprehensive, yet succinct, examination of the most important areas of income taxation law. Almost every chapter in the book has had to be updated to reflect recent legislative amendments and judicial determinations including:

• the changes to tax administration, particularly with regard to non-ruling ATO advice, rulings, and amended assessments;
• the controversial promoter penalty provisions which were introduced to deter the promotion of tax avoidance schemes;
• the new category of taxpayers, "temporary residents," who enjoy many of the benefits of non-residents;
• the significant expansion of the allowable expenses for capital gains purposes which has arisen as a result of changes to the cost base;
• the limiting of the deductibility of losses and outgoings pertaining to certain illegal activities;
• and the increase in the types of expenses that may be deducted under the "blackhole" provisions in Div 40-I.

Table of Contents

CHAPTER 1: Introductory Aspects of Taxation Law
CHAPTER 2: Aspects of Tax Administration
CHAPTER 3: Tax Avoidance
CHAPTER 4: Residence and Source
CHAPTER 5: Income According to Ordinary Concepts
CHAPTER 6: Businesses and Profit-Making Schemes
CHAPTER 7: Capital Gains Taxation
CHAPTER 8: Tax Accounting and Trading Stock
CHAPTER 9: General Deductions
CHAPTER 10: Repairs and Depreciation
CHAPTER 11: Taxation of Partnerships
CHAPTER 12: Taxation of Trusts
CHAPTER 13: Taxation of Companies
Table of Cases
Table of Legislation
Index