This edition continues to focus on lasting skills for interpretation of this constantly evolving area of law. Distinctive commentary from leading tax academics and thought-provoking questions with a practical application combine to engage and educate readers in the subject. Instead of merely concentrating on the present state of the tax system, the book prepares readers to deal with future clients and taxation issues by imparting valuable tools such as the ability to: analyse rules and principles; apply relevant cases and other primary sources to a situation; manipulate and implement technical rules of legislation; consider taxation issues in terms of policy; and understand the dynamics of taxation disputes.

 

Part 1 Income Tax in Context

 

1 Tax Policy and Process  

2 Fundamental Principles of the Income Tax System  

 

Part 2 The Tax Base – Income and Exemptions

 

3 Income from Property  

4 Income from the Provision of Services  

5 Business Income  

6 Compensation Receipts and Periodic Receipts  

 

Part 3 The Tax Base – Deductions

 

7 The Positive Limbs – Nexus Issues  

8 Personal and Non-personal Expenses  

9 Current and Capital Expenses  

10 Specific Deductions and Restrictions on Deductions  

 

Part 4 Allocating Income and Deductions to Periods – Timing

 

11 Tax Accounting  

12 Statutory Accounting Regimes  

 

Part 5 Income Derived Through Intermediaries

 

13 Partnerships, Trusts and Income Splitting  

14 Taxation of Companies and Shareholders  

15 Special Topics in Company Tax   

 

Part 6 Income Derived From International Transactions

 

16 Principles for Taxing International Transactions   

17 Taxation of Residents   

18 Taxation of Non-residents   

 

Part 7 Tax Administration

 

19 Administering the Tax Regime   

20 Containing Tax Avoidance and Evasion   

Instructor Supplements

• ITCM_Chapter_1_Teachers Manual [OCX 36757]
• ITCM_Chapter_10_Teachers_Manual [OCX 54858]
• ITCM_Chapter_11_Teachers_Manual [OCX 62495]
• ITCM_Chapter_12_Teachers_Manual [OCX 60778]
• ITCM_Chapter_2_Teachers_Manual [OCX 60798]
• ITCM_Chapter_3_Teachers_Manual [OCX 90339]
• ITCM_Chapter_4_Teachers_Manual [OCX 75322]
• ITCM_Chapter_5_Teachers_Manual [OCX 58724]
• ITCM_Chapter_6_Teachers_Manual [OCX 58582]
• ITCM_Chapter_7_Teachers_Manual [OCX 52260]
• ITCM_Chapter_8_Teachers_Manual [OCX 58760]
• ITCM_Chapter_9_Teachers_Manual [OCX 34916]

Please note: these resources are ONLY for the use of lecturers who have prescribed the relevant text. Please email anzacademicsales@thomsonreuters.com to request access.