Hi All,
I have a settlement on Wednesday.
However i just got a letter from the ATO saying that I must pay them up to $247,000 because I owe money to the vendor, and that I cannot pay the money to the vendor etc etc with all kind of warnings.
I have forwarded to my Solicitor that is doing the conveyancing but the office is closed.
Anyone seen this before, and what can I expect?
If the vendor had not notified us, is settlement delayed?
If I pay the ATO, who pays the Vendor's bank, who comes first ATO or bank? From the ATO letter it looks like I am not allowed to pay anyone but them...
I have a settlement on Wednesday.
However i just got a letter from the ATO saying that I must pay them up to $247,000 because I owe money to the vendor, and that I cannot pay the money to the vendor etc etc with all kind of warnings.
I have forwarded to my Solicitor that is doing the conveyancing but the office is closed.
Anyone seen this before, and what can I expect?
If the vendor had not notified us, is settlement delayed?
If I pay the ATO, who pays the Vendor's bank, who comes first ATO or bank? From the ATO letter it looks like I am not allowed to pay anyone but them...