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Retired small business owners granted more than $85,000 tax relief in dispute with the ATO July 13, 2021 The Administrative Appeals Tribunal (AAT) has overturned the Australian Taxation Office’s (ATO) decision to pursue $106,576 in tax debts from the former owners of a family freight and transport business.  Garry and Glenda Smith, a married couple in their 70s, operated a small interstate transport and freight business in Benalla, Victoria prior to their retirement. Eight years ago, the business faced a series of challenging events after a large contractor went into voluntary administration while owing the business approximately $80,000. The couple wasn’t able to recover any money from the contractor, as the contractor was liquidated and their business wasn’t secured as a creditor.

Glenda smithAustralian taxation officeTaxation administrationAdministrative appeals tribunalTaxation administration actக்லெஂட ஸ்மித்ஆஸ்திரேலிய வரிவிதிப்பு அலுவலகம்