You are subject to income averaging - a concessional tax treatment - if:
- you are an individual who is an Australian resident at any time during the income year, and
- you are a special professional, and
- you satisfy the first year requirements in either the current income year or an earlier income year.
The first year that special professional income averaging applies is the first income year that the taxable professional income (TPI) you earned as a resident special professional individual is more than $2,500.