Part I: How You’re Taxed in Australia 7

Chapter 1: Understanding the Australian Tax System 9

Chapter 2: Taxing Australians: The Formula You Had to Have 17

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 Man 51

Chapter 6: Living in Your Castle: Main Residence 65

Chapter 7: Taxing Issues That Affect Your Children 73

Part III: Tax-Effective Investments 83

Chapter 8: Interesting Stuff: Bank Deposits and Tax  85

Chapter 9: Owning Part of the Company: Investing in Shares 89

Chapter 10: Building Your Dreams: Investing in Bricks and Mortar 101

Chapter 11: Catching Up on Capital Gains Tax 115

Part IV: Running a Business 131

Chapter 12: Structuring Your Business for Maximum Gain 133

Chapter 13: Starting a Business: On Your Mark! Get Set! Go! 147

Chapter 14: Reducing Your Small Business Tax Bill  161

Chapter 15: Collecting Tax for the Government: Goods and Services Tax 173

Chapter 16: Living on the Fringe: Fringe Benefits Tax 181

Chapter 17: Getting Wealthy: CGT and Small Business 191

Part V: Thinking Long Term 199

Chapter 18: Preparing for Retirement Using Superannuation 201

Chapter 19: Reaping What You Sow: Receiving a Pension and Government Concessions 217

Chapter 20: Death and Taxes: Wills and Asset Distribution 227

Part VI: The Part of Tens 235

Chapter 21: Ten Ways to Minimise Your Tax while Keeping the Tax Office Happy 237

Chapter 22: Ten of the Top Retirement Tax Tips  245

Appendix A: Taxing the Visitors: Non-Residents 253

Glossary 259

Index 265