Personal Services Income | Presenters: Jim Koutsokostas, CTA and Todd Bromwich of Hall & Wilcox
In this month's special topic, Jim Koutsokostas and Todd Bromwich of Hall & Wilcox will discuss the Personal Services Income regime in Part 2-42 of the Income Tax Assessment Act 1997.
They will cover:
- The objectives of the PSI regime and the mischief that it tries to manage.
- An overview of the PSI rules, including the Personal Services Business tests.
- A detailed case study and the recent case of Fortunatow.
- A discussion of how the PSI rules interact with Part IVA.
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