shopping_cart

Your shopping cart is empty

New rules prevent alienation of income and deny deductions: how to guide your clients providing personal services

Published on 31 May 00 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

From 1 July 2000, taxpayers providing personal services through entities, or directly under contract other than as employees, must cope with rules that limit income splitting and deductions. The focus of this paper is on the legislative machinery which implements the new Personal Services Income regime, its practical scope, and the measures which are required in order to test taxpayer situations against the measures and - where the measures apply - provide guidance to either restructure or compliance.

Author profile:

Harry M RIGNEY
Current at 16 May 2013 Click here to expand/collapse more articles by Harry M RIGNEY.
 

 

Copyright Statement
click to expand/collapse