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  • Income averaging

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    You are entitled to income averaging - a concessional tax treatment - where:

    • you are an individual who is an Australian resident at any time during the income year, and
    • you are a special professional, and
    • your taxable professional income (TPI) is more than $2,500 in the current year or an earlier year in which you were an Australian resident for all or part of the year.
    Last modified: 01 Dec 2006QC 27534