Book Chapter

Australia

Ann O'Connell

Capital Gains Taxation: A Comparative Analysis of Key Issues | Edward Elgar Publishing Ltd | Published : 2017

Abstract

The Australian income tax, although modelled on the United Kingdom jurisprudence, adopted a global approach rather than a schedular approach so that all ‘gains’ and all ‘outgoings’ are dealt with together and the net amount (‘taxable income’) is subject to tax.

University of Melbourne Researchers