10 Aug 06 Addendum to IT 2503A (Incorporation of medical and other professional practices)On 9 August 2006, the ATO issued an Addendum to IT 2503A (Income tax: incorporation of medical and other professional practices). The Addendum amends Taxation Ruling IT 2503 to take into account Taxation Determination TD 2005/29 and the ATO's test case program on alienation of personal services income. The Addendum also updates some outdated references in the Ruling. These amendments reflect developments since publication of the Ruling.
For a copy of IT 2503A, go here