Shane Charter expects huge tax bill after selling Fitzroy house for $3.6m
Essendon supplements figure Shane Charter offloaded the property after winning a Supreme Court battle with an underworld figure.
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Essendon supplements figure Shane Charter has sold a Fitzroy house for $3.6 million after taking control of it in a long legal fight.
Charter offloaded the Nicholson St house in recent months after winning a Supreme Court battle with accused underworld money man Tom Karas.
But Charter has told the Herald Sun the taxman is eyeing the proceeds of the sale, ahead of a looming County Court showdown.
The Australian Taxation Office hit Charter with a $2m bill hours after he won the battle with Karas last September.
Earlier that day, he had been arrested by organised crime detectives from the Victoria Police Echo task-force.
Charter said he had no doubt the house sale would have whetted the ATO’s appetite.
“Of course. They want money and this is low-hanging fruit,” Charter said.
The biochemist has previously claimed his treatment of organised crime figures like Sam Abdulrahim and Toby Mitchell had made him a target for authorities.
Charter said the ATO had signed up to a $228,000 payment plan for what he owed in September, 2019.
But he said it then backed out of the deal and wanted closer to $2 million.
Charter said he was also aggrieved that it treated money in a loan account as income.
He said he would be taking his cues from Australian entertainment great Paul Hogan who once fought a protracted battle with the ATO.
“I love what Hoges did. Good on him,” Charter said.
The Nicholson St row began in 2019 when Charter and his brother Craig changed the locks while Karas was at a funeral.
The matter was resolved last September when the Supreme Court ruled in the brothers’ favour.
It was last week revealed Charter had been hit with 70 fresh police charges over the Echo task-force investigation, on top of drug trafficking counts already laid.
Melbourne Magistrates’ Court heard the fresh counts related to allegations of trafficking, possession, false documents, obtaining a script from a pharmacist and fraudulent prescriptions.
He has signalled he intends to fight those charges.