The 2022/23 year is the first year that the Commissioner’s guidelines on the risk of Part IVA (the general anti-avoidance rule) applying to us alienating professional firm profits to lower tax entities applies – but to be honest we probably have a couple more years (see section 2.1 of the paper below).

So in case you need to consider this, attached is a quick summary of what it is all about.

alientation-of-professional-firm-income-2023 Download