Tax Summary 2007 & 2008 (Paper)

This is the eighty eighth edition of the Tax Summary, now well established as one of the most informative and practical books on taxation published in Australia. Its trademark plain English approach makes it essential reading for all taxpayers seeking information and tools to ensure they pay the right amount of tax and not a cent more.

With simple explanations and practical examples, the Tax Summary is a great reference throughout the year as well as at tax return time.

The 2007 & 2008 edition is packed with new and updated information on:

• Personal Income Tax Rates — announced in the 2007 budget,
• Individuals — updated list of eligible deductions,
• Superannuation — the changes for simplifying and streamlining the taxing of superannuation,
• Tax Offsets — changes to the low income tax offset and child care rebate and all other rebates and tax offsets,
• Capital gains — changes to small business capital gains concessions,
• Small Business — alignment of eligibility thresholds for various tax concessions and increasing access to some by raising the eligibility threshold from $1 million to $2 million,
• Property Investment — a detailed chapter on the tax implications of owning a rental property,
• Retirement — planning for retirement, including age pension and transition to retirement,
• Investors — a new chapter on income and deductions affecting investors,
• Simplified Tax System — a detailed chapter on the simplified income tax system for small business.

The Tax Summary has been written by CEO Tony Greco and his team of experts at Taxpayers Australia.

What others have said

‘The Tax Summary is by far the best initial source document available. The plain English content makes it excellent for training purposes.’
BARBARA WESTON
WHK CAMERONS

‘The Tax Summary is the most used reference book in our office’
CORRY KNAPPERS
PEEL TAXATION AND ACCOUNTING