Introduction 1 Part 1: 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 2: Income from Personal Exertion 51 Chapter 5: Taxing Employees: Working Class Folk 53 Chapter 6: Living in Your Castle: Main Residence 71 Chapter 7: Taxing Issues Affecting Students and Your Children 79 Part 3: Tax-Effective Investments 89 Chapter 8: Interesting Stuff: Bank Deposits and Tax 91 Chapter 9: Owning Part of the Company: Investing in Shares 97 Chapter 10: Building Your Dreams: Investing in Bricks and Mortar 111 Chapter 11: Catching Up on Capital Gains Tax 129 Part 4: Running a Business 145 Chapter 12: Structuring Your Business for Maximum Gain 147 Chapter 13: Starting a Business: On Your Mark! Get Set! Go! 163 Chapter 14: Reducing Your Small Business Tax Bill 179 Chapter 15: Collecting Tax for the Government: Goods and Services Tax 193 Chapter 16: Living on the Fringe: Fringe Benefits Tax 203 Chapter 17: Getting Wealthy: CGT and Small Business 215 Part 5: Thinking Long Term 223 Chapter 18: Preparing for Retirement Using Superannuation 225 Chapter 19: Reaping What You Sow: Receiving a Pension and Government Concessions 247 Chapter 20: Death and Taxes: Wills and Asset Distribution 259 Part 6: The Part of Tens 269 Chapter 21: Ten Ways to Minimise Your Tax while Keeping the Tax Office Happy 271 Chapter 22: Ten Common Tax Mistakes to Avoid 279 Appendix A: Taxing the Visitors: Non-Residents 289 Appendix B: Leading Tax Cases and Tax Office Publications: Study Guide 295 Glossary 307 Index 313.