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Australian Taxation Office crackdown on family trust rorts causes alarm among tax advisers There is concern the ATO will investigate past ‘red zone’ actions, raising the prospect of bills for back taxes, inflated by years of interest. Photograph: The AGE/Fairfax Media/Getty Images Source:Theguardian.com ATO gives example of child being given $180,000 then repaying it to parents for cost of bringing them up as going against community expectations Get our free news app; get our morning email briefing A crackdown by the Australian Taxation Office on rorts involving family trusts has drawn alarm from some advisers as some of the practices under the microscope have become common practice. Tax advisers are also concerned at the prospect the ATO will be examining the past behaviour of family trusts, raising the prospect of bills for back taxes, inflated by years of interest and penalties. They have also been put on notice by the ATO that deliberately providing ...