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Tax for Australians for Dummies, 2014 - 15 Edition by Jimmy B. Prince

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Index

•A •

absorption cost method of valuing goods and work in progress, 164

account-based pensions, 231233

accruals or earnings basis for business accounts, 158159

adjacent land, liability for CGT, 73

age restrictions

on accessing preserved benefits, 222225

on super fund contributions, 217

allocated pensions, 232233

allowances, receiving, 55, 5657

amendments to assessments, 50

anti-avoidance tax provisions and children, 7779

apportioning expenses of property, 108

approved early retirement scheme payments, tax on, 6162

assessable income

and capital losses, 132133

definition, 1619

test for business loss claim, 176

assessment, receiving notice of, 3839

assets

depreciating for rental properties, 108111

disposal of, 73

subject to CGT (other than collectables and personal use), 125126

taxing after death, 242244

audits. See tax audits

Australian Business Number (ABN), 106, 152

Australian Tax Office (ATO)

functions and website, 89

help from, 249

record-keeping for, 153154

•B •

bad debts, dealing with, 169170

balancing adjustment events, 110

beneficiaries of trusts, determining, 8184

beneficiaries of wills, dependant status, 238

betting winnings, tax on, 21

binding death benefit nomination form, 238

blackhole expenditure, 26

bona fide redundancy payments, tax on, 61

bond money, tax on, 106

borrowing expenses for small business, 171, 173

borrowings, interest on, 100102, 170171

building contractors, taxable payments by, 49

business activity statement (BAS), preparing, ...

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