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myTax 2024 Attributed personal services income

How to report attributed personal services income when you lodge your return using myTax.

Published 2 June 2024

Things to know

Complete this section if you provided personal services and you either:

  • received a PAYG payment summarybusiness and personal services income showing an X against 'Personal services attributed income'
  • had personal services income attributed to you.

Personal services income (PSI) is income that is:

  • mainly a reward for your personal efforts or skills
  • generally paid either to you or to a personal services entity (a company, partnership or trust).

If your PSI 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 either:

  • gained the income in the course of conducting a personal services business
  • promptly paid you the income as salary.

Don't include the following at this section:

  • PSI you received as a sole trader, go to Personal services income.
  • if the personal services entity has a net loss relating to your PSI, then no amount is attributable to you. To claim a deduction for this loss, go to Other deductions.

For an explanation of the rules relating to the attribution of PSI, see Taxation Ruling TR 2003/6 Income tax: attribution of personal services income.

Completing this section

You will need:

  • your PAYG payment summarybusiness and personal services income
  • details of any other PSI attributed to you.

If you don't have this information, contact the person who paid you.

We pre-fill your tax return with payment summary information provided to us. Check them and add any attributed personal services income you received that has not pre-filled.

To personalise your return to show attributed personal services income, at Personalise return select:

  • You received salary, wages or other income on an income statement/payment summary, Australian Government payments, or First home super saver (FHSS) scheme payment
  • Attributed personal services income (on a payment summary)

To show your attributed personal services income, at Prepare return select 'Add/Edit' at the Income statements and payment summaries banner.

At the Attributed personal services income banner:

  1. For each payment summary that has not been pre-filled in your tax return, select Add and enter information into the corresponding fields.
  2. Select Save.
  3. Select Save and continue when you have completed the Income statements and payment summaries section.

 

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