A number of Private Binding Rulings look at the following in relation to financial dependency: The other option is where the adult child is a 'financial dependent'. The ATO appears to have a narrow view of financial dependency, for income tax purposes. It needs to be more meaningful, for example, when an adult child has moved home to care for an elderly or sick parent. However, they may fall short, as the relationship needs to be more than simply one of convenience. On the face of it, where an adult child returns home to live, or actually never left the family home, they seem to satisfy the interdependency requirement.
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