Despite the practice being banned 25 years ago, the Australian Taxation Office says people are misusing the personal services income rules to avoid tax.
The Tax Office is concerned some professionals are incorrectly splitting income they earn with family members to reduce tax. Bethany Rae
Every one of the thousands of people who use family trusts, partnerships and family companies to split income with their spouse or family is on notice.
The Australian Taxation Office has just spelt out exactly what it will allow when it applies the anti-avoidance measures to so-called personal services income.
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Original URL: https://www.afr.com/wealth/tax/worried-by-the-ato-s-new-trust-crackdown-here-s-what-you-can-do-20251126-p5niny
