PROTECT YOUR ASSETS! IS A FAMILY HOME OWNED BY A WIFE PARTIALLY HELD IN TRUST FOR HER HUBAND? THE ‘PRESUMPTION OF ADVANCEMENT’

PROTECT YOUR ASSETS! IS A FAMILY HOME OWNED BY A WIFE PARTIALLY HELD IN TRUST FOR HER HUBAND? THE ‘PRESUMPTION OF ADVANCEMENT’

The Bosanac case involved a situation where Ms Bosanac was the sole owner of the family home but the Commissioner was arguing that she held half of her interest in the trust for Mr Bosanac, who owed a tax debt to the ATO. The High Court held that Mr Bosanac did not...

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