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BOBA(I'm new)I'm new
28 Apr 2026

Years ago I separated from my husband and resigned as a director of our company. At the time, the company had a tax debt. We agreed we would sell joint personal assets to clear this debt. He handling the selling of the assets and received all proceeds however did not allocate it all to the debt. Am I liable for the balance as the debt was incurred while I was still a director?

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1 replies
49 views
1 replies

All replies

YellowPotato(Taxicorn)Taxicorn
28 Apr 2026

Depends on the debt. Generally, directors are liable for unpaid PAYG, GST, super guarantee that was incurred during their appointment as director. If it's income tax, the company should have the money, generally liable for income tax means there's profit

joint personal assets

  • You would be liable for tax for this depending on your share of this asset

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Am I liable for debt incurred while I was a company director? | ATO Community