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.

 

Completing your tax return

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Your tax
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Completing your tax return
Task B3.1 Reducing your tax
Task B3.2 Lodging your tax return
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When you say the word 'tax', many people automatically think of what they will do with their potential tax refund. Find out what completing a tax return involves.

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Wacky facts

  • Fact 6

    'Bottom of the harbour' schemes were a form of tax avoidance used in Australia in the 1970s. The 'harbour' referred to was Sydney Harbour, which was near the financial district. Participation in the schemes was made a criminal offence in 1980.

Glossary

Statement of financial position

A document summarising the assets, liabilities and net worth (or owner’s equity) of a business.

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