When things go wrong it can be incredibly difficult to admit you made a mistake. There is a temptation to chase losses - its something even traders are very prone to.
Some people are starting to hate politicians and lawyers as much as they hate HMRC.
HMRC have limitless funds. Any challenge will go to FTTT, UTTT, Court of appeal, SupremeCourt. To get between each step you have to appeal to go to the next step. Then there are JRs. And HMRC might be awarded costs.
Realistically you need a minimum of a million. You may get a good fighting fund. What happens when that runs out?
Things may go well. Or people may end up losing extra money and extra years of their life when things could have been put behind them.
Either way the lawyers win.
Let the buyer beware.
Some people are starting to hate politicians and lawyers as much as they hate HMRC.
HMRC have limitless funds. Any challenge will go to FTTT, UTTT, Court of appeal, SupremeCourt. To get between each step you have to appeal to go to the next step. Then there are JRs. And HMRC might be awarded costs.
Realistically you need a minimum of a million. You may get a good fighting fund. What happens when that runs out?
Things may go well. Or people may end up losing extra money and extra years of their life when things could have been put behind them.
Either way the lawyers win.
Let the buyer beware.
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