A recent ruling by the Federal Court has seen the ATO able to make a claim on a property owned by a spouse for unpaid taxes. This ruling could have implications for clients considered ‘at risk’ who are utilising this as an asset protection strategy.
While it is expected the Bosanac Case will be appealed, we are watching the case closely. We encourage anyone who is concerned about the outcomes of the case to get in contact to discuss appropriate asset protection strategies for your circumstances.
Please contact our team on 03 9708 8801 or email firstname.lastname@example.org if you would like to discuss further.
Please Note: Many of the comments in this publication are general in nature and anyone intending to apply the information to practical circumstances should seek professional advice to independently verify their interpretation and the information’s applicability to their particular circumstances. The information contained within this document is of a general nature only and neither represents nor is intended to be personal advice on any particular matter. Robinson Voss Partners (RV Partners) strongly suggests that no person should act specifically on the basis of the information in this document, but should obtain appropriate professional advice based on their own personal circumstances.