Explanatory Memorandum – November 2021
ATO scrutinising gifts or loans from overseas
The ATO has recently issued an alert warning taxpayers against disguising undeclared foreign income as gifts or loans from related overseas entities, including family and friends. It says it has…
Client Alert - November 2021
ATO scrutinising gifts or loans from overseas
The ATO has recently issued an alert warning taxpayers against disguising undeclared foreign income as gifts or loans from related overseas entities, including family and friends. It says it has…