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Personal service entities: do they still work? paper

Published on 04 Aug 05 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

The Personal Services Income (PSI) regime was introduced to deal with the alienation of personal services income in closely held entities. However, with any new regime there can be ways out of the mire. This paper considers the potential pitfalls that may still arise and the other related issues for closely held personal service entities...even if the PSI regime can be overcome. The main points discussed in depth are:

  • application of part IVA
  • overview of recent cases and other developments
  • audit activity by the ATO
  • useful guidelines and tips.

Author profile

Paul Lyon ATI
Paul is a Tax Partner with EY in Sydney. He advises a number of large private company and family groups on their tax affairs. Paul has been part of an expert panel providing assistance to the Board of Taxation and has sat on a number of ATO subcommittees. In terms of technical development, Paul has presented at The Tax Institute and other professional institutes’ seminars on a wide range of tax topics. - Current at 12 April 2017
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This was presented at Personal Service Entities: Do they still work? .

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August 2005 Tax Update

Author(s):  Alison STEVENSON

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