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  • Income averaging



    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: 17 Jun 2005QC 27472