INCOME TAX ASSESSMENT ACT 1997 - SECT 86.87 Personal services entity cannot deduct net personal services income loss

INCOME TAX ASSESSMENT ACT 1997 - SECT 86.87

    The total amount of the deductions to which a * personal services entity is entitled for an income year is reduced by the amount of any deduction that an individual, whose * personal services income is ordinary or statutory income of the entity for that income year, is entitled to under section   86 - 27.