law of supply and demand Is it a gift or a loan?

Is the money you received from family members treated as a gift or a loan in your property settlement?

Case law tells us that when seeking to have a loan recognised, it would be more likely treated as a liability where there's evidence of a written agreement, where the written agreement specifies the duration, where there's evidence of repayments, or if there's a mortgage or charge secured against property that was, say, purchased with those loaned monies.

If you received money during your relationship and are thinking about separating, now would be a good time to contact us here at Turnbull Hill Lawyers for advice specific to your circumstances.

https://www.turnbullhill.com.au/servi...

law of supply and demand Is it a gift or a loan?
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