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Even when the PSI rules don't apply, you still need to declare any PSI amounts at the relevant labels on your tax return.
If you received PSI but found that the rules do not apply, there are no changes to the deductions you can claim against the income.
Although the PSI rules don't apply, if you've entered into an arrangement where the main purpose is to obtain a tax benefit, the general anti-avoidance rules may apply.
Last modified: 28 Mar 2024
Personal services income
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What is PSI? |
4 mins | ||||||||||||||||||||
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Is the income PSI? |
5 mins | ||||||||||||||||||||
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Income that is not PSI |
9 mins | ||||||||||||||||||||
Whose PSI is it? |
7 mins | ||||||||||||||||||||
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Working out if the PSI rules apply: self-assess as a personal service business (PSB) |
2 mins | ||||||||||||||||||||
The 80% rule |
5 mins | ||||||||||||||||||||
Results test |
8 mins | ||||||||||||||||||||
Unrelated clients test |
5 mins | ||||||||||||||||||||
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Employment test |
5 mins | ||||||||||||||||||||
Business premises test |
7 mins | ||||||||||||||||||||
Obtaining work through an agency |
5 mins | ||||||||||||||||||||
Apply for a personal services business determination (PSBD) |
3 mins | ||||||||||||||||||||
What to do when the PSI rules apply |
2 mins | ||||||||||||||||||||
What to do when the PSI rules apply: claiming deductions |
11 mins | ||||||||||||||||||||
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What to do when the PSI rules apply: how to attribute PSI |
8 mins | ||||||||||||||||||||
What to do when the PSI rules apply: PAYG |
18 mins | ||||||||||||||||||||
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What to do when the PSI rules apply: completing your tax return |
4 mins | ||||||||||||||||||||
What to do if the PSI rules don’t apply |
3 mins | ||||||||||||||||||||
Record keeping for PSI |
1 mins | ||||||||||||||||||||
Help for PSI |
1 mins | ||||||||||||||||||||
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Case study: instructions |
1 mins | ||||||||||||||||||||
Case studies: sole trader |
11 mins | ||||||||||||||||||||
Case studies: partnership |
12 mins | ||||||||||||||||||||
Case studies: company |
12 mins | ||||||||||||||||||||
Case studies: trust |
12 mins | ||||||||||||||||||||
Related courses |
1 mins | ||||||||||||||||||||
Course Feedback |
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