Private ruling: Personal services income
Date of advice: 11 September 2018
Published: October 2018
Ruling period: 30 June 2018 | 30 June 2019 | 30 June 2020
Date scheme commenced: 1 July 2017

Ruling: Q1: Am I subject to the Personal Services Income (PSI) rules? | A1: Yes. You are subject to the PSI rules. | Q2: Will the restructure of the business affect my taxation obligations? | A2: No. As PSI rules apply the taxpayer is required to attribute their net PSI to the taxpayer even if they work through an interposed entity (a company, partnership or trust).


Relevant legislative provisions: Income Tax Assessment Act 1997 section 84-5 | Income Tax Assessment Act 1997 section 85-30