Law or accounting students studying for midterms or finals.
Preparing for an Australian tax law exam covering residence, income, and CGT topics.
Use cases
About
The Claw6026 mind map template is a comprehensive study aid for Australian tax law, covering Weeks 2 through 5 of a CGT (Capital Gains Tax) course with over 600 nodes. It includes detailed branches on residence and source rules (WK2), income from personal services and ordinary income principles (WK3), business and property income (WK4), and CGT calculations, assets, and events (WK5 CGT). Key concepts such as 'residence' (S6(1) ITAA36), 'FCT v Dixon', and 'CGT Asset S108-5(1)' are explored in depth. This template serves as a structured cheat sheet for students and professionals navigating Australian tax legislation.
Terms and ConditionsWhen to use this template
Tax practitioners and accountants handling capital gains calculations.
Reviewing CGT asset classification and concession rules before filing a client's tax return.
Self-studying individuals or study groups focusing on tax law.
Structuring a study session for WK3's ordinary income principles and personal service income.
How to use this template
Step 1
Launch and Explore the Map
Open the .xmind file and expand the main branches covering Australian tax law from Week 2 to Week 5.
Step 2
Review References and Personalize Notes
Click on specific nodes like CGT assets or residence rules to view detailed sub-nodes and add your own study annotations.
Step 3
Export and Share Your Revision
Save your customized tax law cheat sheet as a PDF or image to use for exam preparation or professional reference.
Frequently asked questions
The template covers Australian tax law for WK2 (residence and source), WK3 (ordinary income and personal services), WK4 (business and property income), and WK5 CGT (capital gains tax calculations, assets, events, and exemptions).
WK2 includes the '4test' for temporary individual residents, 'S995-1 ITAA97 to Section6(1) ITAA36', and 'company residence' rules, with references to TR 98/17 and IT2650.
Key cases include 'FCT v Dixon' (compensation for lost salary as ordinary income), 'Brown v FCT', 'FCT v Harris', and 'Scott v FCT' (gift vs income).
It defines 'CGT Asset S108-5(1)' with examples like shares, options, and debts, and distinguishes 'personal use asset' (capital loss disregarded) from 'collectables' (threshold $500).
Div 152 concessions include the 15-year exemption (S152-105), 50% discount for active assets (S152-205), retirement exemption up to $500k (S152-305), and roll-over relief (S152-405).
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