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 8

    In 1910, the Commonwealth Government introduced a land tax to provide for more defence spending and to prepare for the increase in migration. The land tax was chosen to encourage large-scale land owners to subdivide their land and sell it to small-scale settlers.

Glossary

Entity

An individual, sole trader, body corporate, company, corporation, partnership, trust or superannuation fund.

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