Fully updated with the 2019/20 tax rates

The Australian Taxation Study Manual 2020 is your practical guide to the real-life tax problems your students will encounter in professional practice. With over 600 exercises, this book provides a comprehensive understanding of the legislation and key principles of taxation law.

This text covers 12 key areas of taxation law and practice, and includes questions with and without suggested solutions. Questions are graded by level of complexity and are designed to assess students' understanding of key concepts, requiring them to support their answers with reference to the relevant legislation and case law.

Cross-referenced with the Australian Master Tax Guide 2020, Australian Taxation Law 2020 and Foundations of Taxation Law 2020, this reliable companion will assist students in their studies right through to professional practice.

KEY FEATURES:

• Fully updated for the 2019/20 financial year and reflective of recently enacted legislative and juridical developments
• All calculations updated to reflect changes in the 2019/20 tax year rates and rebates
• Questions with Suggested Solutions provide fully worked calculations so students can assess how accurately they have interpreted and applied their knowledge of taxation law
• Questions without Suggested Solutions help students gain confidence in preparation for assessment
• Multi-issue Case Study Questions assess student knowledge across a range of taxation topics, readying them for professional practice
• A topical index, case table and list of legislation and rulings help to quickly navigate and access relevant sections of the law.

Taxation Rates and Rebates for the 2019/20 year of income 

Section 1: Questions with Suggested Solutions
Assessable Income
Capital Gains
Fringe Benefits
Deductions
Trading Stock
Depreciation
Taxation of Individuals
Partnerships
Trusts
Companies and Distributions
Administration and Assessment
Goods and Services Tax

Section 2: Questions without Suggested Solutions
CATEGORY A: CONCEPTUAL QUESTIONS
Short answer questions and should take approximately 10 minutes to complete.

Assessable Income
Capital Gains
Fringe Benefits
Deductions
Trading Stock
Depreciation
Taxation of Individuals
Partnerships
Trusts
Companies and Distributions
Administration and Assessment
Goods and Services Tax 

CATEGORY B: OTHER QUESTIONS
These questions are more involved and will take approximately 20 and 60 minutes to complete.

Assessable Income
Capital Gains
Fringe Benefits
Deductions
Trading Stock
Depreciation
Taxation of Individuals
Partnerships
Trusts
Companies and Distributions
Administration and Assessment
Goods and Services Tax

CATEGORY B: MULTI-ISSUE QUESTIONS
These questions cover multiple taxation topics and will take approximately 20 and 60 minutes to complete.

Assessable Income
Capital Gains
Fringe Benefits
Deductions
Trading Stock
Depreciation
Taxation of Individuals
Partnerships
Trusts
Companies and Distributions
Administration and Assessment
Goods and Services Tax

Section 3: Suggested Solutions
Assessable Income
Capital Gains
Fringe Benefits
Deductions
Trading Stock
Depreciation
Taxation of Individuals
Partnerships
Trusts
Companies and Distributions
Administration and Assessment
Goods and Services Tax

Les Nethercott is an Adjunct Associate Professor in the Department of Accounting and Data Analytics at La Trobe University.

Ken Devos is an Associate Professor in the Faculty of Business and Law at Swinburne University.

Livia Gonzaga is an Assistant Director in Public Groups and International at the Australian Taxation Office and a former tax academic at La Trobe University.

The following resources are available for lecturers who prescribe the Australian Taxation Study Manual 2020 for their course:

• Additional multiple-choice questions with answers
• Extra multi-issue questions in addition to those featured in the book
• Answers to the four multi-issue questions featured in Section 2 of the book

For more information about the resources for the Australian Taxation Study Manual 2020, please contact your Oxford Learning Resource Consultant.