The new income tests: a complex web

Article

Delany, Tom. 2010. "The new income tests: a complex web." Taxation in Australia. 45 (3), pp. 139-146.
Article Title

The new income tests: a complex web

ERA Journal ID19147
Article CategoryArticle
Authors
AuthorDelany, Tom
EditorsMcDonald, Renee
Journal TitleTaxation in Australia
Journal Citation45 (3), pp. 139-146
Number of Pages8
Year2010
Place of PublicationSydney, Australia
ISSN0494-8343
Web Address (URL)http://www.taxinstitute.com.au/go/publications/taxation-in-australia
Abstract

From 1 July 2009, considerable changes have occurred to income test administered by the ATO and are likely to reduce tax offset entitlement and increase tax liability. The introduction of the concept, “adjusted taxable income” in association with changes to existing income tests bring additional complexity to determining a taxpayer’s net tax position. The changes require more compliance activity and increase the need to do tax planning for smaller clients.

Keywordsadjusted taxable income, income tests, taxable income, adjusted fringe benefit amount, tax-free government pensions or benefits, target foreign income, reportable superannuation contributions, total net investment loss, deductible child maintenance expeniture
ANZSRC Field of Research 2020480106. Taxation law
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Byline AffiliationsSchool of Law
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