ato logo
Search Suggestion:

Average taxable professional income

Last updated 4 March 2020

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 if 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 TPl in year 1
  • year 3 one-quarter of TPI in years 1 and 2
  • year 4 one-quarter of TPl 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 Tax Office.

QC93458