This Australian Income Tax Legislation three-volume set provides a comprehensive consolidation of Australian income tax and related legislation, covering all amendments to 1 January 2020, including:

• Increasing the base and maximum amounts of the low and middle income tax offset for the 2018/19, 2019/20, 2020/21 and 2021/22 income years and increasing the amount of the low income tax offset from 2022/23;
• Supplementing the same business test with a more flexible similar business test;
• Increasing from $25,000 to $30,000 the threshold below which small business entities can immediately deduct depreciating assets, amounts included in the second element of a depreciating asset’s cost and general small business pools;
• Enabling businesses with aggregated turnover of $10 million or more but less than $50 million in an income year to access instant asset write-off for depreciating assets and certain related expenditure costing less than $30,000.

The set includes:

• Income Tax Assessment Act 1997
• Income Tax Assessment Act 1997
• Income Tax (Transitional Provisions) Act 1997
• Income Tax Assessment Regulations 1997
• Administration Act And Regulations
• Rating Acts
• Fringe Benefits Tax Acts And Regulations
• International Tax Agreements Act 1953
• Tax Agent Services Act 2009 and regulations
• Acts Interpretation Act 1901
• A New Tax System (Australian Business Number) Act and Regulations
• Crimes (Taxation Offences) Act 1980