Taking an Annuity rather than Dividends - Scam/Loan Charge mk2?

[Old Greg]

Scammers the lot of them.

Postmodern taxation vehicle is the preferred term.

[Iliketax]

Postmodern taxation vehicle is the preferred term.

It's all a bit back-to-the-future:Inland Revenue Comrs v Duke of Westminster [1935] UKHL 4 (7 May 1935)

[Paralytic]

I personally never trust anyone who call me more than twice a day.

What if it was your mum?

[Old Greg]

What if it was your mum?

What if it was your mum?

[Paralytic]

What if it was your mum?

I wouldn't trust the call.

She passed away a few years go.

[the heron]

Hi on this subject I was called by Elite about using a solution through my Ltd company, I'm quite sceptical about this so I spoke to a tax advisor and they couldn't find a legislation it was breaking so now I have no idea what to do

[cojak]

Hi on this subject I was called by Elite about using a solution through my Ltd company, I'm quite sceptical about this so I spoke to a tax advisor and they couldn't find a legislation it was breaking so now I have no idea what to do

Read this BEFORE you do anything - there are important questions you need to ask.

Tempted to join a new contractor scheme? Ask these questions FIRST

[Paralytic]

Hi on this subject I was called by Elite about using a solution through my Ltd company, I'm quite sceptical about this so I spoke to a tax advisor and they couldn't find a legislation it was breaking so now I have no idea what to do

How much did you pay the tax advisor and did he both date and sign a confirmation that no legislation were being broken?

If you didn't pay, then that tells you what the advice is worth. If he didn't give you anything in writing as official advice, you'd have as much protection moving ahead on the basis of a bloke down the pub (or worse, someone on here).

[the heron]

How much did you pay the tax advisor and did he both date and sign a confirmation that no legislation were being broken?

If you didn't pay, then that tells you what the advice is worth. If he didn't give you anything in writing as official advice, you'd have as much protection moving ahead on the basis of a bloke down the pub (or worse, someone on here).

Hi I'm lucky enough to know him through my family and to be honest that was the only reason I got his time, due to his stature I very much doubt I could afford his time overwise lol

He did take me through the legislation documents and showed me in writing, and after a discussion I really cant see anything wrong

[BrilloPad]

Taking an Annuity rather than Dividends - Scam/Loan Charge mk2?

Hi I'm lucky enough to know him through my family and to be honest that was the only reason I got his time, due to his stature I very much doubt I could afford his time overwise lol

He did take me through the legislation documents and showed me in writing, and after a discussion I really cant see anything wrong

Lets just suppose (and this is a big ask) that the legislation says it is fine.

What would a user do when HMRC change the rules retrospectively?