The Federation Press

Income Tax

Text, Materials and Essential Cases

Overview

This well respected text, now in its 9th edition, has been revised and updated to include the latest developments in taxation law.

  • The company tax chapter comprehensively covers the taxation of companies, including the dividend imputation system and the carry-forward loss rules.
  • The tax avoidance chapter includes recent case law.
  • The deductions chapter incorporates recent case law on business deductions and deductions available to employees.
  • The taxation of trusts chapter has been updated to include the most recent legislative changes in this area.

The authors explain the principles of income tax law and other tax legislation. Commentary on the key tax concepts and extracts of leading cases illustrate the application of the principles.

All chapters commence with a general overview of the material to be covered. The case extracts are introduced with an outline of the facts, the competing arguments and the decision of the court or tribunal. The other extracts include rulings, explanatory memorandums and government reports. The authors also use material from economics and politics to provide the context in which tax law has developed. This book is cross-referenced to other taxation books and contains internet citations for extracted cases.

Reviews

Reviews of earlier editions:

The best features of the book are:

Its framework. Each chapter is devoted to a fundamental principle of tax law. This is a much easier way to read and understand the relevant concept …
The use of extracts from cases and Australian Tax Office rulings. One of the best features of the book is that each discussion of a principle of tax law is supported by appropriate extracts of relevant cases and tax office rulings. …
Its use of plain English. The language in this book is clear, concise and easy to read. Principles are explained clearly and without using verbose language.
Its reference to additional reading material. … The book covers the major areas of taxation including income and deductions, fringe benefits tax, capital gains tax, goods and services tax and taxation of various entities…

In summary a complex topic is introduced and then its fundamental principles are overviewed in a clear and concise manner. - Law Institute Journal of Victoria

A worthy contribution to a tax library. - Proctor

The framework for analysis is excellent and this will be a very welcome addition to the current portfolio of books available to students… - Professor Robert Deutsch

It provides an excellent overview of relevant tax laws. - NSW Law Society Journal

[The book]… sets out clearly the taxation principles and concepts, … the helpful commentary for each topic is integrated well with the case summaries and extracts. - Australian Business Law Review

Table of Contents

Preface
Acknowledgments
Cross-References
Table of Cases
Table of Statutes
Table of Tax Rulings

Introduction to Taxation
The Australian Income Tax System
Personal Services Income
Business Income
Property Income
Residence, Source and International Taxation
Taxation of Fringe Benefits and Statutory Income: Employee Benefits
Capital Gains Tax
General Deductions
Specific Deductions and Capital Allowances
Timing, Tax Accounting and Trading Stock
Partnerships and Alienation of Income
Taxation of Trusts
Taxation of Companies and their Members
Tax Avoidance and Evasion
Tax Administration
Goods and Services Tax

Index

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