This class was created by Brainscape user Unknown Unknown. Visit their profile to learn more about the creator.

Decks in this class (13)

Tax Administration
What is taxable income how to wor...,
Two components of assessable inco...,
Two main components of allowable ...
6  cards
Ordinary income & Statutory income
What is not assessable income 1,
Exempt income 2,
Section example of exempt income 3
14  cards
Ordinary income & statutory income cases
Convertible into cash 1,
Periodic regular and expected 2,
Income as a reward for personal s...
8  cards
O & S income summary pt.1
Assessable income comprises exclu...,
Ordinary income under six headings 2,
Income that s periodic regular an...
6  cards
O & S income summary pt.2
Income from business 1,
Ordinary income under six headings 2,
Isolated and extraordinary transa...
5  cards
FBT & GST
What is fbt tax year 1,
Define fbt 2,
Exclusions from fbt 3
19  cards
CGT
Intro 1,
A simple example non share trader 2,
Cgt assets 3
8  cards
Residency, Source & derived
Residency and source of income 1,
Residency implications residents 2,
Residency implications non reside...
11  cards
General Deductions, Denied deductions & Trading stock
Allowable deductions 1,
General deductions 2 positive lim...,
General deductions 4 negative lim...
14  cards
Specific deductions
No double deductions 1,
Specific deductions 2,
Repairs to buildings and deprecia...
7  cards
capital allowances
Capital allowances 1,
Capital allowances system 2,
Intangible assets 3
15  cards
Taxation of companies & share holders
0  cards
Taxation of individuals and partnerships
Individuals 1
1  cards

More about
Tax

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Unknown Unknown's Tax flashcards now!

How studying works.

Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.

Add your own flashcards.

Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!

What's Brainscape anyway?

Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.

We use an adaptive study algorithm that is proven to help you learn faster and remember longer....

Looking for something else?

Federal tax prep
  • 33 decks
  • 1518 flashcards
  • 55 learners
Decks: Ch 1 Terms Wages Income And Taxes, Ch 1 Questions Wages Income And Taxes, W2 Box 12 Codes, And more!
CFP 3 Tax
  • 54 decks
  • 1134 flashcards
  • 455 learners
Decks: Tax 1 1 Describe Terms Related To Income, Tax 1 2 Identify The Steps In The Tax Ca, Tax 1 3 Identify Items Of Inclusion Excl, And more!
Make Flashcards