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This is making sense

BV I am sure many businesses are struggling at the moment and I think ATO providing a payment plan is necessary, however what happens if a business can not make good on the payment plan?? I don't think ATO take too kindly to this. My g/friends partner's business recently went into...

Yes, your right, Karma's a *****

What, no winning lotto numbers:p

Your right, she is looking at all angles and seems to float above the water every which way. She had a recent car crash, next day went to the doctors, then the lawyers, working the system again. Her boyfriend who was driving had no clue he missed out on the big payout $48K. She has phoned...

Payment plan fine, but over 40 years?? I guess I am a little more than annoyed that we pay taxes and then you get these parasites that work the system and get whatever is available they make a career out of it. Never heard of ATO seizing property.

Seriously how could ATO accept $50 per month how many years would it take to pay this off? She is currently incurring something like $350 interest per month, as no plan in place yet. Be interesting to have some feedback from the account/tax guys

Know someone who has finally had to cough up $50,000 CGT, thought she could/would get away with it as it was her only property. This property had been rented out for 10+ years. She completely ignored the CGT issue and was shocked when she received a letter from ATO, requesting - $50,000 this...