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Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
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Hex debt

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Newbie

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Replies 1

My parents gave me some money for my house will the ATO take it for my hex debt
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Most helpful response

Taxicorn

Replies 0

@Bjay 

 

If you are talking about a HECS debt then no, it is a gift and not taxable.

 

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Most helpful response

Taxicorn

Replies 0

@Bjay 

 

If you are talking about a HECS debt then no, it is a gift and not taxable.