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Income Tax Consolidated Leg
Courts
- HCA
  - Cases - alphabetical
  - Cases - by year
    - 2010
    - 2009
    - 2008
    - 2007
    - 2006
    - 2005
    - 2004
    - 2003
    - 2002
    - 2001
    - 2000
- FCAFC
  - Cases - alphabetical
  - Cases - by year
    - 2010
    - 2009
    - 2008
    - 2007
    - 2006
    - 2005
    - 2004
    - 2003
    - 2002
- FCA
  - Cases - alphabetical
  - Cases - by year
    - 2010
    - 2009
    - 2008
    - 2007
    - 2006
    - 2005
    - 2004
    - 2003
    - 2002
    - 2001
    - 2000
Essential Concepts
International

Annual Determinations	2010-11	2009-10	2008-09	2007-08	2006-07	2005-06
Car limit	$57,466 TD 2010/17	$57,180 TD 2009/13	$57,180 TD 2008/17	$57,123 TD 2007/22	$57,009 TD 2006/44	$57,009 TD 2005/30
Luxury/Fuel Efficient car tax threshold	$57,466 LCTD 2010/1	$57,180 LCTD 2009/1	$57,180 LCTD 2008/1	$57,123 LCTD 2007/1	$57,009 LCTD 2006/1	$57,009 LCTD 2005/1
Div 7A - Benchmark interest rate	7.40% TD 2010/18	5.75% TD 2009/16	9.45% TD 2008/19	8.05% TD 2007/23	7.55% TD 2006/45	7.30% TD 2005/31
Reasonable travel and meal allowance expense amounts	TD 2010/19	TD 2009/15	TD 2008/18	TD 2007/21	TD 2006/43	TD 2005/32
Goods own use		TD 2009/22	TD 2008/32	TD 2007/30	TD 2006/55	TD 2005/36
CGT Improvement Threshold	$126,619 TD 2010/16	$124,258 TD 2009/12	$119,594 TD 2008/13	$116,337 TD 2007/19	$112,512 TD 2006/41	$109,447 TD 2005/20
	2010-11 FBT year	2009-10 FBT year	2008-09 FBT year	2007-08 FBT year	2006-07 FBT year	2005-06 FBT year
FBT: car parking threshold (s39A FBTAA 86)	$7.46 TD 2010/13	$7.25 TD 2009/11	$7.07 TD 2008/12	$6.78 TD 2007/17	$6.62 TD 2006/37	$6.43 TD 2005/18
FBT: cents per kilometre Motor vehicle other than a car	TD 2010/5	TD 2009/7	TD 2008/4	TD 2007/8	TD 2006/13	TD 2005/9
FBT: CPI non-remote housing (s28 FBTAA 86)	TD 2010/3	TD 2009/8	TD 2008/5	TD 2007/6	TD 2006/14	TD 2005/10
FBT: exemption threshold (s135C FBTAA 86)	$7,190 TD 2010/2	$7,063 TD 2009/9	$6,766 TD 2008/6	$6,614 TD 2007/7	$6,391 TD 2006/15	$6,223 TD 2005/11
FBT: food component LAFHA (Division 7 FBTAA 86)	TD 2010/4	TD 2009/6	TD 2008/3	TD 2007/9	TD 2006/23	TD 2005/12
FBT: benchmark interest rate	6.65% TD 2010/6	5.85% TD 2009/10	9% TD 2008/7	8.05% TD 2007/10	7.30% TD 2006/24	7.05% TD 2005/8
FBT Gross-up rates for FBT year ending 31 March	Type 1 - 2.0647 Type 2 - 1.8692	Type 1 - 2.0647 Type 2 - 1.8692	Type 1 - 2.0647 Type 2 - 1.8692	Type 1 - 2.0647 Type 2 - 1.8692	Type 1 - 2.1292 Type 2 - 1.9417	Type 1 - 2.1292 Type 2 - 1.9417
Threshold for reporting fringe benefits on employee payment summaries for FBT year ending 31 March	Taxable Value - $2,000 Grossed-up Value - $3,738	Taxable Value - $2,000 Grossed-up Value - $3,738	Taxable Value - $2,000 Grossed-up Value - $3,738	Taxable Value - $1,000 Grossed-up Value - $1,869	Taxable Value - $1,000 Grossed-up Value - $1,943
FBT Rates for FBT year ending 31 March	46.5%	46.5%	46.5%	46.5%	48.5%

FBT Car Benefits - Statutory formula method (see s.9 FBT Act)

Total kms travelled/ year

< 15,000
15,000- 24,999
25,000- 40,000
> 40,000

Statutory %

26
20
11
7

Use the following formula to calculate:
(AxBxC)/D - E
Where:
A = the base value of the car
B = the statutory percentage
C = the number of days in the FBT year when the car was used or available for private use of employees
D = the number of days in the FBT year
E = the employee contribution.

Superannuation contributions limits	2010-11	2009-10	2008-09	2007-08
Concessional cap	$25,000	$25,000	$50,000	$50,000
Non-concessional cap	$150,000	$150,000	$150,000	$150,000
CGT cap	$1.155m	$1.1m	$1.045m	$1m
Low rate cap	$160,000	$150,000	$145,000	$140,000
Untaxed plan cap	$1.155m	$1.1m	$1.045m	$1m

Superannuation age based limits	2006-07	2005-06	2004-5	2003-04
Under 35	15,260	14,603	13,934	13,233
35-49	42,385	40,560	38,702	36,754
50-70 (& 28 days)	105,113	100,587	95,980	91,149

Employment termination payments	2010-11	2009-10	2008-09	2007-08
Transitional cap to 30/6/12	Lower $160,000 Upper $1m	Lower $150,000 Upper $1m	Lower $145,000 Upper $1m	Lower $140,000 Upper $1m
Life benefit termination payments cap	$160,000	$150,000	$145,000	$140,000
Death benefit termination payments cap	$160,000	$150,000	$145,000	$140,000
Redundancy & ERS payments		Base $7,732 Each year $3,867	Base $7,350 Each year $3,676	Base $7,020 Each year $3,511

Tax rates on taxed & untaxed elements of eligible termination payments	2006-07 t'hold	2005-06 t'hold	2004-5 t'hold	2003-04 t'hold
Under 55 Taxed element - 20% Untaxed element - 30%	Any income amount	Any income amount	Any income amount	Any income amount
55 & over Taxed element - 0 to t'hold - 0% Untaxed element - 0 to t'hold - 15% Taxed element - over t'hold - 15% Untaxed element - over t'hold - 30%	135,590	129,751	123,808	117,576

Seniors tax offset	2009-10	2008-09	2007-08	2006-07	2005-06
Code A	Lower t'hold - 28,867 Upper t'hold - 46,707 Max. offset - 2,230	Lower t'hold - 25,867 Upper t'hold - 43,707 Max. offset - 2,230	Lower t'hold - 24, 867 Upper t'hold - 42,707 Max. offset - 2,230	Lower t'hold - 21,968 Upper t'hold - 39,808 Max. offset - 2,230	Lower t'hold - 20,500 Upper t'hold - 38,340 Max. offset - 2,230
Code B, C	Lower t'hold - 27,600 Upper t'hold - 43,920 Max. offset - 2,040	Lower t'hold - 24,600 Upper t'hold - 40,920 Max. offset - 2,040	Lower t'hold - 23,600 Upper t'hold - 39,920 Max. offset - 2,040	Lower t'hold - 21,167 Upper t'hold - 37,487 Max. offset - 2,040	Lower t'hold - 19,383 Upper t'hold - 35,703 Max. offset - 2,040
Code D, E	Lower t'hold - 24,680 Upper t'hold - 37,496 Max. offset - 1,602	Lower t'hold - 21,680 Upper t'hold - 34,496 Max. offset - 1,602	Lower t'hold - 20,680 Upper t'hold - 33,496 Max. offset - 1,602	Lower t'hold - 18,247 Upper t'hold - 31,063 Max. offset - 1,602	Lower t'hold - 16,806 Upper t'hold - 29,622 Max. offset - 1,602

Low age pension offset	2009-10	2008-09	2007-08	2006-07	2005-06
Code S,Q or J	Lower t'hold - 20,934 Upper t'hold - 38,854 Max. offset - 2,240	Lower t'hold - 20,194 Upper t'hold - 37,226 Max. offset - 2,129	Lower t'hold - 19,454 Upper t'hold - 35,598 Max. offset - 2,018	Lower t'hold - 18,727 to 19,583 Upper t'hold - 33,999 Max. offset - 1,909	Lower t'hold - 18,453 to 19,252 Upper t'hold - 35,389 Max. offset - 2,117
Code P	Lower t'hold - 17,737 Upper t'hold - 30,919 Max. offset - 1,699	Lower t'hold - 16,734 Upper t'hold - 29,614 Max. offset - 1,610	Lower t'hold - 16,147 Upper t'hold - 28,323 Max. offset - 1,522	Lower t'hold - 15,520 to 16,376 Upper t'hold - 26,944 Max. offset - 1,428	Lower t'hold - 15,324 to 16,123 Upper t'hold - 28,004 Max. offset - 1,585
Code I	Lower t'hold - 19,907 Upper t'hold - 36,595 Max. offset - 2,086	Lower t'hold - 19,214 Upper t'hold - 35,070 Max. offset - 1,982	Lower t'hold - 18,527 Upper t'hold - 33,559 Max. offset - 1,879	Lower t'hold - 17,807 to 18,663 Upper t'hold - 31,975 Max. offset - 1,771	Lower t'hold - 17,583 to 18,382 Upper t'hold - 33,335 Max. offset - 1,969

Low income tax offset	2009-10	2008-09	2007-08	2006-07	2005-06
Maximum Offset	$1,350	$1,200	$750	$600	$235

Medicare Levy Low-Income Threshold	2010 election promise - increases from 1 July 2009	Threshold Amounts
Eligible for senior Australians tax offset		Lower t'hold - 28,867 Upper t'hold - 33,961
Eligible for pensioner tax offset	Lower t'hold - 27,697	Lower t'hold - 25,299 Upper t'hold - 29,763
All other	Lower t'hold - 18,488	Lower t'hold - 17,794 Upper t'hold - 20,934

Recent Tax Cases	Historical Decisions		Landmark Decisions
HCA FCAFC FCA AAT	HCA From 1903 FCAFC From 2002 FCA From 1977 AAT From 1976		Bamford F J Bloemen Richard Walter Myer Emporium Coles Myer Finance Steele Wharf Properties Peabody Spotless Services Murray Sun Newspapers James Flood Hallstroms

2008/09 ATO Tax Tables	2007/08 ATO Tax Tables
Schedule 1 - statement of formulas for calculating amounts to be withheld Schedule 2 - weekly tax table incorporating medicare levy with and without leave loading Schedule 3 - fortnightly tax table incorporating medicare levy with and without leave loading Schedule 4 - monthly tax table incorporating medicare levy with and without leave loading Schedule 5 - weekly tax table with no and half medicare levy including weekly table for medicare levy adjustment - half levy Schedule 6 - medicare levy adjustment weekly tax table Schedule 7 - medicare levy adjustment fortnightly tax table Schedule 8 - medicare levy adjustment monthly tax table Schedule 9 - special tax table for actors, variety artists and other entertainers Schedule 10 - special daily rates tax table incorporating medicare levy including statement of formulas Schedule 11 - Higher Education Loan Programme (HELP) weekly tax table including statement of formulas Schedule 12 - Higher Education Loan Programme (HELP) fortnightly tax table including statement of formulas Schedule 13 - Higher Education Loan Programme (HELP) monthly tax table including statement of formulas Schedule 14 - statement of formulas for calculating Higher Education Loan Programme (HELP) component including coefficients for calculating weekly withholding amounts incorporating HELP component Schedule 15 - statement of formulas for calculating amounts for members of the defence force Schedule 16 - statement of formulas for calculating Student Financial Supplement Scheme (SFSS) component including coefficients for calculating weekly withholding amounts incorporating SFSS component Schedule 17 - Student Financial Supplement Scheme (SFSS) weekly tax table including statement of formulas Schedule 18 - Student Financial Supplement Scheme (SFSS) fortnightly tax table including statement of formulas Schedule 19 - Student Financial Supplement Scheme (SFSS) monthly tax table including statement of formulas Schedule 20 - quarterly tax table incorporating medicare levy with and without leave loading Schedule 21 - coefficients for calculating weekly withholding amount incorporating SFSS component and HELP component Schedule 22 - special tax table for aged pensioners and low income aged persons (senior Australians) Schedule 28 - tax table for unused leave payments on termination of employment Schedule 31 - tax tables for non-superannuation income streams Schedule 32 - tax table for employment termination payments Schedule 33 - tax table for superannuation lump sums	Schedule 1 - statement of formulas for calculating amounts to be withheld Schedule 2 - weekly tax table incorporating medicare levy with and without leave loading Schedule 3 - fortnightly tax table incorporating medicare levy with and without leave loading Schedule 4 - monthly tax table incorporating medicare levy with and without leave loading Schedule 5 - weekly tax table with no and half medicare levy including weekly table for medicare levy adjustment - half levy Schedule 6 - medicare levy adjustment weekly tax table Schedule 7 - medicare levy adjustment fortnightly tax table Schedule 8 - medicare levy adjustment monthly tax table Schedule 9 - special tax table for actors, variety artists and other entertainers Schedule 10 - special daily rates tax table incorporating medicare levy including statement of formulas Schedule 11 - Higher Education Loan Programme (HELP) weekly tax table including statement of formulas Schedule 12 - Higher Education Loan Programme (HELP) fortnightly tax table including statement of formulas Schedule 13 - Higher Education Loan Programme (HELP) monthly tax table including statement of formulas Schedule 14 - statement of formulas for calculating Higher Education Loan Programme (HELP) component including coefficients for calculating weekly withholding amounts incorporating HELP component Schedule 15 - statement of formulas for calculating amounts for members of the defence force Schedule 16 - statement of formulas for calculating Student Financial Supplement Scheme (SFSS) component including coefficients for calculating weekly withholding amounts incorporating SFSS component Schedule 17 - Student Financial Supplement Scheme (SFSS) weekly tax table including statement of formulas Schedule 18 - Student Financial Supplement Scheme (SFSS) fortnightly tax table including statement of formulas Schedule 19 - Student Financial Supplement Scheme (SFSS) monthly tax table including statement of formulas Schedule 20 - quarterly tax table incorporating medicare levy with and without leave loading Schedule 21 - coefficients for calculating weekly withholding amount incorporating SFSS component and HELP component Schedule 22 - special tax table for aged pensioners and low income aged persons (senior Australians) Schedule 28 - tax table for unused leave payments on termination of employment Schedule 30 - tax table for back payments including lump sum payments in arrears [FOR PAYMENTS BETWEEN 1 JUL 06 & 30 JUN 08] Schedule 31 - tax tables for non-superannuation income streams Schedule 32 - tax table for employment termination payments Schedule 33 - tax table for superannuation lump sums Schedule 34 - tax table for superannuation income streams

2007/08 ATO Industry Benchmarks	2006/07 ATO Industry Benchmarks
Financial ratios - Individuals Financial ratios - Companies Financial ratios - Partnerships Financial ratios - Trusts Activity Statement ratios - Individuals Activity Statement ratios - Companies Activity Statement ratios - Partnerships Activity Statement ratios - Trusts	Financial ratios - Individuals Financial ratios - Companies Financial ratios - Partnerships Financial ratios - Trusts Activity Statement ratios - Individuals Activity Statement ratios - Companies Activity Statement ratios - Partnerships Activity Statement ratios - Trusts

OTHER RESOURCES

Organisations	Description
	Taxation Institute of Australia - Resources include articles & papers in all areas of taxation.
	CPA Australia - Technical resources such as checklists and forms for taxation, financial planning, audit and corporate governance.
	Institute of Chartered Accountants in Australia - Resources include tax tips and articles for taxation, financial planning, auditing and superannuation.
	Financial Planning Association of Australia
	National Institute of Accountants - Technical Updates for taxation, superannuation and auditing.
	National Tax and Accountants Association - Seminar notes and checklists available for purchase.
	ATAX, the taxation school in the Faculty of Law at the University of New South Wales - Information about study options and online access to Tax Matters and eJournal of Tax Research.
ATMA	Association of Taxation and Management Accountants. Members-only access to resources.
IAASB	International Auditing and Assurance Standards Board - Standards and Practice Statements for auditing.
The Board of Taxation	Media releases, reports, speeches and articles.
General Search Tools	Description
APH Tax Law	Parliamentary Library guide to Tax Law, including historical development of taxation in Australia
Cornell Legal Research Engine	Google-powered search engine for legal research guides, legal websites & Academic blogs established by Cornell University Law Library
	Australian www search engine. Results are divided into websites, White Pages entries, Yellow Pages entries, Trading Post entries, news and images. Also separate Australian and International results.
	International www search engine. Searches can be limited to Australian content. Has options for images and news searching.
	International www search engine. Searches can be limited to Australian content. Has options for images, audio, video and news searching.
BING	International www search engine. Searches can be limited to Australian content. Has options for images, audio, video and news searching.
Subscription databases	Description
Tax & Accounting Online	Provided through Thomson Legal & Regulatory. Useful for online access to the Australian Tax Handbook and commentary on legislation. Also provides access to a number of taxation publications such as the Weekly Tax Bulletin, Capital Gains Tax Bulletin and Fringe Benfits Tax Bulletin.
	Tax Library component useful for online access to the Australian Master Tax Guide and commentary on legislation. Also contains modules for superannuation and corporations law.
CaseBase	Provided through LexisNexis Butterworths Online. Case citator service. Very useful for finding related cases or articles about a case. Full text of cases is not provided.

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