CPA Australia Taxation study plan

Map the Taxation weighting and identify the four highest-yield topic clusters (individual income tax, capital gains tax, GST, and business/company taxation) so later weeks target them first.

Build a one-page formula and rate sheet covering resident and non-resident marginal rates, Medicare levy and surcharge thresholds, and the low-income tax offset, then recite it from memory.

Classify ten given fact patterns as resident or non-resident and justify each residency conclusion against the domicile, 183-day, and Commonwealth superannuation tests.

Draft a personal glossary of the statutory terms that recur across the syllabus (assessable income, ordinary income, statutory income, deductions, offsets) and define each in one sentence.

Separate ordinary from statutory income across eight scenarios and state the assessability outcome for each.

Apply the derivation, timing, and source rules to decide in which income year an item is assessable.

Identify deductions as general or specific, and test each against the positive limbs and the negative-limiting provisions.

Compute taxable income for three worked individual scenarios that combine salary, allowances, rental income, and allowable deductions.

Apply the capital gains tax rules to calculate a net capital gain from a set of disposals, including cost-base adjustments and the 50% individual discount.

Distinguish CGT events, exempt assets, and rollover situations, and justify each classification.

Calculate a capital loss position and apply the loss-ordering and carry-forward rules correctly.

Reconcile the net capital gain into the taxable income computation from week 2.

Compute goods and services tax payable or refundable for a mixed set of taxable, input-taxed, and GST-free supplies.

Determine input tax credit eligibility, including the treatment of adjustments and the going-concern and margin-scheme basics.

Reconcile the fringe benefits tax taxable value for two benefits and show the interaction with income tax and GST.

Complete a timed 40-question mixed-format set spanning income tax, CGT, GST, and fringe benefits tax.

Apply the company tax rules to compute taxable income and tax payable for a small business, including the base rate entity test.

Explain and calculate the imputation system outcomes, including franking credits, franking account movements, and the consequences of over-franking.

Compare the tax treatment of a sole trader, a partnership, and a trust distributing to beneficiaries, and calculate each entity's taxable position.

Identify the small business concessions and state the eligibility conditions for each.

Apply the tax avoidance and anti-avoidance provisions to three contrived arrangements and argue whether Part IVA could apply.

Explain the role of rulings, the objection and appeal process, and the penalties and interest regime for understatement.

Calculate the administrative penalties and general interest charge for a given error scenario.

Review the week 4 error list and re-test the weakest three areas with fresh questions.

Assemble a single condensed revision sheet that compresses all eight weeks of notes into rate tables, key tests, and decision trees.

Complete a full-length timed practice exam and record the time spent per question block.

Analyse the practice exam by topic and rank the top five error patterns by frequency.

Re-work every incorrect question and write a one-line correction rule for each.

Drill the ranked remediation list until each item is answered correctly twice in a row.

Rehearse the condensed revision sheet from memory and identify any remaining gaps.

Complete a final timed half-exam and confirm scores sit above the pass threshold with time to spare.

Finalise exam-day logistics, including permitted materials and the question-allocation strategy.