Average taxable professional income

Question

 · Accepted Answer

AriATO · Answer

Our tech team have the following questions, if you can let us know - 1. Do they have a professional year 1 as defined in s 405-50(3) (https://www.ato.gov.au/law/view/document?src=qa&pit=99991231235958&arc=false&start=1&pageSize=10&total=1&num=0&docid=PAC%2F19970038%2F405-50&dc=false&pre_qa=pac%2F19970038%2F&qaid=qa_leg&stype=find&tm=wild-docid-pac%2F19970038%2F%3F&tm=phrase-docref-405-50) or a previous professional year 1. 2. Are they resident or non-resident or a returning non-resident? 3. How do they quality for ATPI when their maximum TPI is $500 between 2020 and 2023 when the threshold is $2,500?

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