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 17 Chapter 3: Lodging Your Tax Return: This One Is for the Nation 35 Chapter 4: Receiving a Visit: When the Tax Office Comes Knocking 49 Part 2: Income from Personal Exertion 57 Chapter 5: Taxing Employees: Working Class Folk 59 Chapter 6: Living in Your Castle: Main Residence 79 Chapter 7: Taxing Issues Affecting Students and Your Children 89 Part 3: Tax-Effective Investments 101 Chapter 8: Interesting Stuff: Bank Deposits and Tax 103 Chapter 9: Owning Part of the Company: Investing in Shares 111 Chapter 10: Building Your Dreams: Investing in Bricks and Mortar 129 Chapter 11: Catching Up on Capital Gains Tax 149 Part 4: Running a Business 165 Chapter 12: Structuring Your Business for Maximum Gain 167 Chapter 13: Starting a Business: On Your Mark! Get Set! Go! 185 Chapter 14: Reducing Your Small Business Tax Bill 201 Chapter 15: Collecting Tax for the Government: Goods and Services Tax 217 Chapter 16: Living on the Fringe: Fringe Benefits Tax 227 Chapter 17: Getting Wealthy: CGT and Small Business 239 Part 5: Thinking Long Term 247 Chapter 18: Preparing for Retirement Using Superannuation 249 Chapter 19: Reaping What You Sow: Receiving a Pension and Government Concessions 269 Chapter 20: Death and Taxes: Wills and Asset Distribution 281 Part 6: The Part of Tens 291 Chapter 21: Ten Ways to Minimise Your Tax while Keeping the Tax Office Happy 293 Chapter 22: Ten Common Tax Mistakes to Avoid 301 Appendix A: Taxing the Visitors: Non-Residents 311 Appendix B: Leading Tax Cases and Tax Office Publications: Study Guide 319 Glossary 329 Index 335.