You must complete this item if you provided personal services and you:
- received a PAYG payment summary - business and personal services income showing an X against 'Personal services attributed income', or
- had personal services income attributed to you.
If you provided personal services and payment was made to you as a sole trader, do not complete this item. You must answer question 14 - Personal services income (PSI) and complete item P1 in the Business and professional items schedule for individuals 2012 (NAT 2816).
Personal services income is income that is mainly a reward for your personal efforts or skills and is generally paid either to you or to a personal services entity (a company, partnership or trust).
If your personal services income is paid to a personal services entity, the income (less certain deductions relating to gaining or producing that income) is attributed to you unless:
- the personal services entity gained the income in the course of conducting a personal services business, or
- the income was promptly paid to you by the entity as salary.
Did you receive any attributed personal services income?
NO |
|
YES |
Read below. |
Answering this question
You will need:
- your PAYG payment summary - business and personal services income showing the amount of personal services income attributed to you and the total amount of tax paid or withheld
- details of any other personal services income attributed to you.
If you do not have all of your documents, contact the person who paid you.
Completing your tax return
Step 1
Write the total amount of tax withheld from the personal services income attributed to you under Tax withheld at the left of O item 9.
Step 2
Write the total amount of personal services income attributed to you at O item 9.
Tax tips
If the personal services entity has a net loss relating to your personal services income, no amount is attributed to you. However, you should read question 15 - Net income or loss from business to claim a deduction for the loss.
More information
You can find an explanation of the rules relating to the attribution of personal services income in Taxation Ruling TR 2003/6: Income tax: attribution of personal services income.
Where to go next
|