Tax shifting of debt

Discussion in 'Accounting & Tax' started by SatayKing, 21st Jan, 2019.

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  1. SatayKing

    SatayKing Well-Known Member

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    SatayKing, 21st Jan, 2019
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  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    High court said tax debt of man should be applied to woman of relationship. The trouble was she was bankrupt so didn't and wouldn't pay. $250k wiped off and worn by the public.

    Wouldn't apply often, especially where one spouse is bankrupt, but could be a more common feature of property settlements going forward.
     
    Terry_w, 21st Jan, 2019
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