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  • Average taxable professional income (ATPI)



    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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    Generally, average taxable professional income (ATPI) in an income year is one-quarter of the sum of the TPIs for the preceding four years. Special rules apply for working out the ATPI where your income averaging year 1 was less than four years ago. So, in the first four years, ATPI is worked out as follows:

    • year 1 nil
    • year 2 one-third of TPI in year 1
    • year 3 one-quarter of TPI in years 1 and 2
    • year 4 one-quarter of TPI in years 1, 2 and 3

    If you were not a resident at any time during the year immediately before your year 1, phone the Australian Taxation Office (ATO).

    Last modified: 17 Jun 2005QC 27472