Part of the agreement in bankruptcy is to tell the OR if you have an increase in income.
-------------- Views expressed are my own personal views, based on what has happened during my own BR process unless otherwise stated. Professional advice should always be sought.
You will have to tell the OR of any changes - will you have an Income Payment Agreement in place once the the nil tax has finished?
Ascend may you find no resistance Know that you made such a difference All you leave behind will live to the end The cycle of suffering goes on But memories of you stay strong Someday I too will fly and find you again
As the other posters have said, you need to inform the OR of any changes in your income for the year you are bankruptcy, or if you are paying an income payment agreement, then for the 3 years this payment lasts.
I have had a nil tax code applied
Posted - 30 July 2012 : 00:12:36
