Part 2-42 inserted by No 86 of 2000.
Div 86 inserted by No 86 of 2000.
86-60 General rule for deduction entitlements of personal services entities
(a) the individual could have deducted the amount under this Act if the circumstances giving rise to the entity's entitlement to deduct the amount had applied instead to the individual; or
In particular, Division 85 specifies limits on an individual's entitlements to deductions relating to the individual's personal services income.
(b) the entity receives the individual's *personal services income in the course of conducting a *personal services business.
S 86-60 inserted by No 86 of 2000.