Tax Foundations: Assessable Income

This tax foundations series covers everything from income tax, GST, PAYG, CGT and other Australian tax system essentials. A firm understanding of these essentials will give you a great head-start as a tax professional.


The concept of assessable income forms a critical part in determining a taxpayer’s liability to income tax. In this practical session, gain an understanding of what constitutes assessable income for Australian tax purposes and how it applies to your clients and business.

Learning Outcomes

On successful completion of this topic, participants should be able to:

  • Understand the legislative framework for assessable income
  • Identify common law principles that are the hallmarks of assessable income
  • Work out the way that net tax payable is calculated for a variety of taxpayers
  • Correctly characterise and report different types of receipts


    Topic: Financial Advisory and Superannuation, Tax

    Sub-Topic: Business Tax, Employment Taxes - PAYE, PAYG & FBT, GST, Income Tax (inc CGT), International Tax, State/Territory Taxes, Tax Administration

    Format: Recorded Webinar

    Proficiency Level: Foundation, Intermediate

    CPD: Upto 1 hours