This three-volume set provides a comprehensive consolidation of Australian income tax and related legislation, updated and consolidated for all amendments to 1 January 2018.

It incorporates detailed history notes for all substantive amendments in the last six years, a legislation annotator, index and conversion tables between the 1997 and 1936 income tax assessment Acts.

The title ensures readers are up-to-date with the changes to tax law enacted by the Federal Government, including:

• Extension of time in which small business entities can access expanded accelerated depreciation rules, including the $20,000 immediate write off
• The introduction of a new Diverted Profits Tax to update Australia’s transfer pricing rules
• Increasing the aggregated turnover threshold to most small business tax concessions from $2m to $10m, effectively reducing the corporate tax rate for those companies.

KEY FEATURES

The book contains all the essential legislation affecting Australian entities, together with a summary of 2017 amending Acts and Regulations to income tax, fringe benefits and related laws. It also contains proposed and draft legislation affecting Australian tax.