I have a question, my ex husband transferred a lot of money from his business account into my personal bank account as a gift to stay with him while we were living together. I spent the money and less than $50k is left. We separated 2 years ago and got divorced recently. Now he filed in court for financial settlement and also included the money he transferred in my account for me to pay tax on that.
Not sure what the court will decide as the money he transferred he said its a gift i can spend on whatever I like. Now he wants me to pay tax on that amount because ATO is chasing him and he also wants 50% of everything I own.
He didnt contribute much financially while we were married. He had a 9 to 5 job and then came home and watched tv or he was on his phone. I earned way more than him and contributed 3 times more than what he did.
Our first court date which I believe is case assessment conference will be in a month. What is my best approach to this?
Not sure what the court will decide as the money he transferred he said its a gift i can spend on whatever I like. Now he wants me to pay tax on that amount because ATO is chasing him and he also wants 50% of everything I own.
He didnt contribute much financially while we were married. He had a 9 to 5 job and then came home and watched tv or he was on his phone. I earned way more than him and contributed 3 times more than what he did.
Our first court date which I believe is case assessment conference will be in a month. What is my best approach to this?
