Introduction 1
Part I: How You’re Taxed in Australia 5
Chapter 1: Understanding the Australian Tax System 7
Chapter 2: Taxing Australians: The Formula You Need to Know 15
Chapter 3: Lodging Your Tax Return: This One Is for the Nation 31
Chapter 4: Receiving a Visit: When the Tax Office Comes Knocking 43
Part II: Income from Personal Exertion 49
Chapter 5: Taxing Employees: Working Class Folk 51
Chapter 6: Living in Your Castle: Main Residence 67
Chapter 7: Taxing Issues That Affect Students and Your Children 75
Part III: Tax-Effective Investments 85
Chapter 8: Interesting Stuff: Bank Deposits and Tax 87
Chapter 9: Owning Part of the Company: Investing in Shares 91
Chapter 10: Building Your Dreams: Investing in Bricks and Mortar 105
Chapter 11: Catching Up on Capital Gains Tax 121
Part IV: Running a Business 135
Chapter 12: Structuring Your Business for Maximum Gain 137
Chapter 13: Starting a Business: On Your Mark! Get Set! Go! 153
Chapter 14: Reducing Your Small Business Tax Bill 167
Chapter 15: Collecting Tax for the Government: Goods and Services Tax 181
Chapter 16: Living on the Fringe: Fringe Benefits Tax 189
Chapter 17: Getting Wealthy: CGT and Small Business 199
Part V: Thinking Long-Term 207
Chapter 18: Preparing for Retirement Using Superannuation 209
Chapter 19: Reaping What You Sow: Receiving a Pension and Government Concessions 229
Chapter 20: Death and Taxes: Wills and Asset Distribution 239
Part VI: The Part of Tens 247
Chapter 21: Ten Ways to Minimise Your Tax while Keeping the Tax Office Happy 249
Chapter 22: Ten Common Tax Mistakes You Need to Avoid 257
Appendix A: Taxing the Visitors: Non-Residents 265
Glossary 271
Index 275