Project Description
Bevacqua’s Australian Taxation, 3rd Edition
Bevacqua, Marsden, Morgan, Morton, Devos, Verma
E-Text: 9781394225767, Textbook: 9781394225927
Australian Taxation presents taxation law in a clear and accessible way, specifically designed for accounting students. With a concise and to-the-point narrative, it simplifies complex legal concepts and removes legal jargon while retaining essential legal knowledge. The text is easy to digest and focuses on practical applications rather than legal technicalities, ensuring students develop a solid understanding of key legislation.
Available on our affordable subscription platform, Wiley Business Now, this edition Australian Taxation is the only resource that delivers an engaging learning experience for students and a comprehensive, blended teaching solution for lecturers.
Table of Contents
1.1 The Australian taxation system
1.2 Australian tax law
1.3 Ethics and the tax professional
1.4 Types of taxes
1.5 Types of taxpayers
1.6 The income tax formula
Concept check
Summary
Key terms
Questions
Problems
Acknowledgements
2.1 Residency
2.2 Individual residency tests
2.3 Business entity residency tests
2.4 Source of income
2.5 Source for each class of income
2.6 Double taxation
2.7 Multinationals the ‘Google tax’
2.8 GST and overseas goods and services
2.9 Pending overhaul of individual tax residency rules
Concept check
Summary
Key terms
Questions
Problems
Acknowledgements
3.1 Characterising income
3.3 Statutory income
3.4 The income/capital distinction
3.5 Personal services and employment income
3.6 Business income
3.7 Property income
3.8 Compensation and reimbursements
Concept check
Summary
Key terms
Questions
Problems
Acknowledgements
4.1 Australian capital gains tax (CGT) regime and its operation
4.2 CGT assets
4.3 CGT events
4.4 Cost base and reduced cost base of a CGT asset
4.5 CGT exemptions and some special rules
4.6 Calculations of net capital gains or net capital losses
4.7 Special CGT rules of SBEs
4.8 The basic CGT treatment of cryptoassets
Concept check
Summary
Key terms
Questions
Problems
Acknowledgements
5.1 The Australian FBT regime
5.2 Calculating FBT in general
5.3 The ‘otherwise deductible rule’ and employee contributions
5.4 Categories of fringe benefits
5.5 Exempt fringe benefits
5.6 Reportable fringe benefits and salary packaging
5.7 FBT administration
Concept check
Summary
Key terms
Questions
Problems
Acknowledgements
6.1 Locating the general deduction provision
6.2 Positive limbs
6.3 Negative limbs
6.4 Substantiation
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Summary
Key term
Questions
Problems
Acknowledgements
7.1 Relationship between general and specific deductions
7.2 Division 25 – Specific deduction provisions
7.3 Division 28 – Car expenses
7.4 Division 30 – Donations
7.5 Division 34 – Non-compulsory uniforms
7.6 Division 36 – Treatment of tax losses
7.7 Division 35 – Losses from non- commercial activities
7.8 Applications of deductibility to common expenditures
Concept check
Summary
Key terms
Questions
Problems
Acknowledgements
8.1 Deprecation – basic concepts
8.2 Calculating the decline on the value of depreciating assets
8.3 Special rules for different types of taxpayers
8.4 Computer software
8.5 Disposals of deprecating assets
8.6 CGT and depreciable assets
8.7 Division 43: Deduction for capital works expenditure
8.8 Section 40-880 blackhole expenditure
Concept check
Summary
Key terms
Questions
Problems
Acknowledgements
9.1 Difference between accounting income and taxable income
9.2 When is income derived?
9.3 When are losses and outgoings incurred?
9.4 Definition of trading stock
9.5 Meaning of ‘stock on hand’
9.6 Determining what is assessable or deductible
9.7 Valuation of trading stock
9.8 Special rules applying to trading stocks
Concept check
Summary
Key terms
Questions
Problems
Acknowledgements
10.1 Income
10.2 Individual deductions
10.3 Individual tax offsets
10.4 Individuals tax, rates, levies and charges
Concept check
Summary
Key terms
Questions
Problems
Acknowledgements
Overview
11.1 What is a company?
11.2 Calculation of a companies taxable income
11.3 Company losses
11.4 Research and development tax concessions
11.5 The taxation of dividends
11.6 Division 7A
11.7 Franking account
11.8 Anti-avoidance and integrity measures
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Summary
Key terms
Questions
Problems
Acknowledgements
12.1 Partnerships
12.2 Transactions between the partnership and partners
12.3 Joint ventures
12.4 Introduction to trusts
12.5 Trust taxation regimes
12.6 Introduction to superannuation
12.7 The contributions phase – taxation of contributions
12.8 The investment phase – taxation of superannuation funds
12.9 The distribution phase – taxation of distributions
Concept check
Summary
Key terms
Questions
Problems
Acknowledgements
13.1 Basic operation of GST
13.2 Taxable supplies
13.3 Taxable importations
13.4 GST-free supplies (Division 38)
13.5 Input-taxed supplies (Division 40)
13.6 Out-of-scope supplies
13.7 Creditable acquisitions
13.8 Creditable importations
13.9 GST administration
13.10 Special GST rules
13.11 GST anti-avoidance rule and ethical issues
Concept check
Summary
Key terms
Questions
Problems
Acknowledgements
14.1 Tax administration
14.2 The concepts of tax avoidance and tax evasion
14.3 Shams
14.4 Australia’s specific anti-avoidance rules
14.5 Australia’s general anti-avoidance rule
14.6 Multinational anti-avoidance
14.7 Ethical consequences of evasions and avoidance
Concept check
Summary
Key terms
Questions
Problems
Acknowledgements
Authors
John Bevacqua (Monash University)
Stephen Marsden (Queensland University of Technology)
Elizabeth Morton (RMIT University)
Ken Devos (Swinburne University)
Annette Morgan (Curtin University)
Swapna Verma (Monash University)
Explore our content
This textbook seamlessly blends theoretical insights with practical applications, equipping future teachers with the knowledge and skills necessary to make a meaningful impact in today’s classrooms.
More than just a textbook, it provides a crucial foundation for business students aspiring to CPA Australia or CA ANZ professional programs, equipping them with the knowledge and skills for future success. The text simplifies complex legal concepts and demystifies legal jargon without sacrificing essential core legal knowledge, whilst seamlessly integrating ethics, technology, and cryptocurrency, enriched with real-world examples in every chapter. With an enhanced focus on diversity and inclusion, this edition ensures relevance in today’s dynamic business landscape.
Featuring practitioner interview videos, animated worked problems, and interactive practice exercises, it bridges the gap between theory and real-world application.
What’s in this edition
- Designed for Accounting Students: Tailored specifically for students studying taxation law in an applied business context rather than a doctrinal legal approach, ensuring students can relate their learning directly to real-world business practices.
- Practical Application: Real-world examples in every chapter demonstrate how taxation laws and principles are applied to various business scenarios, helping students understand the practical implications of taxation law in business.
- Concise & Focused: Covers core concepts essential for a typical taxation law unit, ensuring clarity and relevance, making it easier for students to focus on the key areas needed for success in their studies.
- Aligned with Industry Standards: Meets the Tax Practitioners Board requirements and serves as a foundation for students pursuing CPA Australia or CA ANZ professional programs.
- Case Law Integration: Case law boxes summarise key legal cases and their implications in an easy-to-read format, with an interactive case map linking to relevant legislation, providing students with easy access to essential case law and legal context.
- Expanded Ethics Content: Ethics discussions added to Chapters 1 and 14, with ethics boxes throughout exploring real-world ethical dilemmas in taxation.
- Technology in Taxation: Technology in Action boxes highlight the impact of cryptocurrency and blockchain on taxation law, with cryptocurrency examples and reflective questions in every chapter, equipping students with knowledge of emerging technologies in taxation.
- Diversity & Inclusion Focus: Features examples and scenarios that highlight diverse clients, including First Nations businesses and individuals, demonstrating taxation law’s relevance across different cultural backgrounds, income levels, and business types, fostering a more inclusive perspective for students.
Take a closer look: Interactives and Key Features
Available as a digital eText or full colour printed textbook with an interactive eText code, this title enables every student to master concepts and succeed in assessment. Lecturers are supported with an extensive, easy-to-use teaching and learning package.
Our eText features accounting practitioners providing insights into the real-world application of concepts in the text, allowing students to see how theory translates into practice in the professional accounting world.
Practitioner videos (eText)
Within our eText, our animated worked problems show students step-by-step how to apply relevant taxation laws or principles to solve a problem in an example scenario, helping students build practical problem-solving skills in real-world contexts.
Animated worked problems (eText)
Feature boxes addressing various ethical issues are included across chapters, exploring ethical problems and scenarios relevant to taxation law, helping students develop a strong ethical framework for decision-making in taxation practice.
Featured: Ethics in action
Examples and questions feature diverse scenarios and example clients, including First Nations businesses and individuals, so that students understand how taxation law is relevant to people of many different cultural backgrounds, income levels, businesses and life circumstances.
Diversity and inclusion focus
Technology in Action boxes highlight the impact of cryptocurrency and blockchain on taxation law, with cryptocurrency examples and reflective questions in every chapter, equipping students with knowledge of emerging technologies in taxation.
Featured: Technology in action
Case law boxes summarise key legal cases and their implications in an easy-to-read format, with an interactive case map linking to relevant legislation, offering students quick and accessible reference to essential case law and legal context for better understanding.
Case law boxes
Our digital eText features end-of-chapter multiple-choice quizzes that provide instant feedback, helping to reinforce understanding and support learning.
Concept check questions (eText)
Students can personalise their eText by highlighting and taking notes, as well as other useful features including read aloud.
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Instructor Resource Toolkit
Our Instructor Resource Toolkit is designed to seamlessly integrate the text content into your teaching, saving you time and boosting student engagement. It includes a variety of customisable tools, guides and assessment.*
Pre-made PowerPoint slides save you time in your course set-up, while the ability to customise the content means you can build it to suit your courses learning outcomes.
The Manual offers suggested exemplar answers or guidance from the authors or SME on approaching the “From Theory to Practice” questions, that require personal reflection.
LMS ready testbanks will be available in Semester 1 2025.
This supplement, provided to current users of the 2023-24 tax year book, outlines any rate and regulation changes for the 2024-25 tax year.
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