Your tax explores how tax affects individuals – what taxes we have to pay as part of our income tax, and how to complete a tax return. Choose a topic to investigate or use the breadcrumbs to return to the course overview page.

 

Income and income tax

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Your tax
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Income and income tax
Task B1.1 Assessable income
Task B1.2 Assessable income revisited
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When do we need to pay tax and when don't we? Discover the different types of income and test your knowledge about when and where tax should be paid.

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Wacky facts

  • Fact 5

    In 1917, during World War I, the price of admission into a place of entertainment was taxed. Auditors attended race meetings, theatre and picture shows to ensure the tax was being paid. This tax was also imposed from 1942 to 1953.

Glossary

Risk

The chance of loss on a financial investment.

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