gifts

It wasn’t me: the tax fraud scam

2024-09-09T21:46:13+10:00September 9th, 2024|ATO, Corporate, Family, General, News, NSW, Scams|

You login to your myGov account to find that your activity statements for the last 12 months have been amended and GST credits of $100k issued. But it wasn’t you. And you certainly didn’t get a $100k refund in your bank account. What happens now? In what is rapidly becoming the most common tax

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When is a gift not a gift?

2024-08-14T21:32:09+10:00August 14th, 2024|ATO, Family, General|

The Tax Commissioner has successfully argued that more than $1.6m deposited in a couple’s bank account was assessable income, not a gift or a loan from friends. The case of Rusanova and Commissioner of Taxation is enough for a telemovie. The plot features an Australian resident Russian couple ‘gifted’ over $1.6m in unexplained bank

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