Commonwealth Consolidated Acts

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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.



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