19.5 Other reductions

Personal services entities

Legislative reference: section 61GExternal Link of the FBTAA.

From 1 July 2000, the taxable value of a fringe benefit can be reduced by the same amount as is made non-deductible to the provider by virtue of the personal services income provisions under the Income Tax Assessment Act 1997 (ITAA 1997).

Sections 85-15, 85-20 and 85-60 of the ITAA 1997 limit the extent to which a person can deduct payments to associates that relate to personal services income.

    Last modified: 25 Jan 2016QC 17819