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Australian Taxation, 4th Edition

Bevacqua, Marsden, Morgan, Morton, Devos, Verma
Print ISBN: 9781394390762, Interactive eText ISBN: 9781394390779

Available from semester 1, 2026. Australian Taxation, 4th Edition is written specifically for accounting students, offering a practical introduction to taxation law. Focused on application rather than legal theory, it simplifies complex tax concepts while retaining essential legal knowledge. The text is fully updated for the 2025–26 tax year and the March 2025 Federal Budget and supports students preparing for CPA Australia and CA ANZ programs. This title is published on a two year cycle with a special interim report released between, to keep instructors up to date on changes in tax information.

The interactive eText is available in our low-cost subscription platform, Wiley Business Now. It also includes an Instructor Resource Toolkit and is supported by our local Wiley team. 

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Table of contents

Overview
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

Overview
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

Overview
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

Overview
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

Overview
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

Overview
6.1 Locating the general deduction provision
6.2 Positive limbs
6.3 Negative limbs
6.4 Substantiation
Concept check
Summary
Key term
Questions
Problems
Acknowledgements

Overview
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

Overview
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

Overview
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

Overview
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
Concept check
Summary
Key terms
Questions
Problems
Acknowledgements

Overview
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

Overview
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 Organisational performance measurement
14.2 Divisional performance measurement
14.3 Investment centre performance evaluation
14.4 Environmental and social performance
14.5 Individual performance measurement
14.6 Non-financial performance evaluation
14.7 Data visualisation
Concept check
Summary of learning objectives
Key terms
Apply your knowledge
Self-evaluation activities
Comprehension questions
Exercises
Problems
Decision-making activities

Authors

John Bevacqua (Monash)

Stephen Marsden (QUT)

Elizabeth Morton RMIT)

Ken Devos (Swinburne)

Annette Morgan (Curtin)

Swapna Verma (Monash)

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Explore our content

This edition of Bevacqua’s Australian Taxation has been thoroughly updated to reflect the latest changes in tax laws and regulations, ensuring students have access to the most current information.

Entire chapters have been revised to incorporate new income tax rates for the 2025–26 income year, updates to individual tax residence rules, and new case law on tax residency. Changes to permanent residency rules for First Nation Australians, as announced in the 2023–24 Federal Budget, are now covered, along with updates on BEPS and Pillar Two reforms and GST regulations for overseas transactions.

The textbook supports business students preparing for CPA Australia and CA ANZ programs by building a strong foundation in applied taxation. It simplifies complex legal concepts and integrates key topics such as ethics, technology, cryptocurrency, and diversity through practical, real-world examples.

The interactive eText features practitioner interview videos, animated worked problems, and interactive practice exercises, bridging the gap between theory and real-world application and helping students build confidence in applying taxation law to practical scenarios.

What’s in Australian Taxation, 4th Edition?

New to this edition:

  • Updated chapters: Entire chapters have been revised to reflect the latest changes in tax laws and regulations, ensuring students have the most current information at their fingertips.
  • Individual tax residence rules: Covering the budget reforms of individual tax residence rules post-March 2024.
  • New income tax rates: 2025-26 income tax rates and updated residency rules.
  • Residency rules: New cases on individual tax residence and permanent residency rules for Aboriginal Australians (2023–24 Budget).
  • BEPS and Pillar Two: Updated BEPS and Pillar Two content, reflecting 2023–24 Federal Budget.
  • GST and oversseas transactions: Updated GST content for overseas transactions and income tax years for 2025–26.
  • Small business incentives: Removal of small business incentives, depreciation rules for medium entities, and capital works tax deduction changes for build-to-rent buildings.
  • Depreciation rules: Depreciation rules for medium-sized entities no longer apply and have been removed.
  • Capital works tax deduction: The capital works tax deduction rate for build-to-rent buildings has been increased from 2.5% to 4% per year for eligible new BTR14.

Key features:

  • Designed for accounting students: Tailored for students studying taxation law in an applied business context, focusing on real-world business practices rather than doctrinal legal theory.
  • The latest tax laws: Published on a two year cycle with a special interim report released between cycles to update instructors on changes in tax information.
  • Practical application: Real-world examples in each chapter demonstrate how taxation laws apply to business scenarios, highlighting their practical impact.
  • Concise & focused: Covers core taxation law concepts essential for success, ensuring clarity and relevance for students.
  • Aligned with industry standards: Meets Tax Practitioners Board requirements, forming a foundation for students pursuing CPA Australia or CA ANZ programs.
  • Case law integration: Key legal cases and their implications are summarized in case law boxes, with an interactive map linking to relevant legislation for easy access.
  • Technology in taxation: “Technology in Action” boxes discuss the impact of cryptocurrency and blockchain on taxation law, with examples and reflective questions in each chapter.
  • Diversity & inclusion focus: Scenarios highlighting diverse clients, including First Nations businesses, demonstrate taxation law’s relevance across cultural backgrounds and business types.
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Interactives and key features

Available as a digital eText or printed textbook, 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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The Solution Manual outlines answers to the practice questions within the text.

Access to a comprehensive LMS-ready test bank. This collection of customisable exam and quiz questions are designed to assess students’ understanding of key concepts and learning objectives.

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This text is proudly published and supported by a local team dedicated to enriching learning experiences for ANZ based students and instructors.

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