Can I be released from my tax debts?

Your Trusted Advisor

Can I be released from my tax debts?

Individuals finding themselves in financial strife with an ATO debt may be able to apply to be permanently released from the debt. There are conditions attached to the debt release including not being able to provide for yourself, your family or others that you’re responsible for due to the debt. Once you apply, the ATO will look at your household fortnightly income and expenditure as well as your assets and liabilities to determine if you have an ability to pay. Paradoxically, the more non-ATO debt you have, the less likely you’ll be granted a release.