Item 30 - Personal services income
See Item 30 Personal Service income on the ATO website.
Personal services income is remuneration mainly for an individual's personal efforts or skills (or would mainly be such a reward if it was derived by the individual). It doesn't include income mainly for the supply of goods or granting of a right to use property or use of an asset.
A Partnership may derive income which includes the PSI of one or more individuals.
This item comprises 5 labels:
| Label | Description |
|---|---|
| Label N | Does your income include an individual’s personal service income? |
| Label A* | Total amount of PSI income included at item 5 income labels |
| Label B* | Total amount of deductions against PSI included at item 5 expense labels |
| Label C | Did you satisfy the results test in respect of any individual |
| Label D | Do you hold a personal services business (PSB) determination in respect of any individual |
| E1 | Unrelated clients test |
| E2 | Employment test |
| E3 | Business premises test |
* A generic dissection worksheet is available this Label to record the details and integrate the balances to the main return.
Use the Reconciliation worksheet (Schedule A) to enter adjustments for PSI at the item 5 reconciliation items. All amounts entered in this worksheet integrate to the relevant label in the return. Refer to Schedule A Reconciliation.
CCH References
30-600 Summary of PSI regime
30-610 Assessment of personal services income
30-620 Deductions relating to personal services income
30-660 Exemption for personal services business
30-665 Results test
30-670 The 80% rule and additional tests
30-675 Special rules for commission-based agents
30-680 Personal services business determinations