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  • Taxable professional income (TPI)

    Attention

    Warning:

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

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    TPI is the amount - if any - remaining after taking away from your assessable professional income:

    1. the total of the deductions that reasonably relate to this income
    2. a part of any apportionable deductions - for example, gifts to charity which you have shown at item D8 on your tax return.
    Last modified: 01 Dec 2006QC 27534