INCOME TAX ASSESSMENT ACT 1997 - SECT 86.30 Assessable income etc. of the personal services entity
INCOME TAX ASSESSMENT ACT 1997 - SECT 86.30
Assessable income etc. of the personal services entity* Ordinary income or * statutory income of the * personal services entity is neither assessable income nor * exempt income of the entity, to the extent that it is * personal services income included in your assessable income under section 86 - 15.
Note: Subsection 118 - 20(4) prevents this income being treated
as a capital gain.