BN66 - Time to fight back (Chapter 3)

[TheBarCapBoyz]

One of the honorary members of the Barcap crew has received the tax enquiry letter for 2006/2007 when he was with Steed.

Anyone else know whats going on with the Steed scheme?

[ContractIn]

Anyone else have any suggestions to throw into the pot?

Gold?

Have you swapped your CTD for the High5 account or split between the two?

[DonkeyRhubarb]

Gold?

Have you swapped your CTD for the High5 account or split between the two?

Yes, in these troubled times Gold (or Silver) is a possibility but risky.

I've split it. I put the tax in a CTD to stop further interest, and the interest already accrued in the High5 account. If nothing else, at least I'll get to keep the interest on the interest.

[BrilloPad]

I was just wondering, if things turn out bad for us and we end up with a large 5-6 figure sum to be paid - how viable is it to declare bankcruptcy ?
What are the pros/cons ?
Should I shart shifting everything I own into my wife's name ?

great thread btw - still trying to catch up with all the posts - have been with MTM for a couple of years but not received a formal CN yet.

welcome to the thread

I think it is too early to talk about the above : lets see how the JR pans out.

And if there is to be a discussion on it then it must be closed. HMRC love this thread and anything public will result in jeopardy action.

[dezze]

One of the honorary members of the Barcap crew has received the tax enquiry letter for 2006/2007 when he was with Steed.

Anyone else know whats going on with the Steed scheme?

Was Steed a loan scheme, or one that gets caught by BN66?

[DonkeyRhubarb]

Should I shart shifting everything I own into my wife's name ?

Welcome to the discussion.

Putting stuff in your wife's name won't help because they will check to see if you've disposed of any assets. (Although you might be OK if you divorced and let her take you to the cleaners. )

HMRC's case is very weak so, as Brillo says, there's no need to consider drastic action at the moment.

[johnnyguitar]

I don't know about the HMRC reading this - I hope my wife doesn't read that idea !

Welcome to the discussion.

Putting stuff in your wife's name won't help because they will check to see if you've disposed of any assets. (Although you might be OK if you divorced and let her take you to the cleaners. )

HMRC's case is very weak so, as Brillo says, there's no need to consider drastic action at the moment.

[DonkeyRhubarb]

Worth a read

http://www.tax.org.uk/attach.pl/7561...23_TA_1208.pdf

Mentions BN66/Section 58 towards the end.

[KiwiGuy]

http://www.tax.org.uk/attach.pl/7561...23_TA_1208.pdf

Mentions BN66/Section 58 towards the end.

Well done for finding this one

[Emigre]

http://www.tax.org.uk/attach.pl/7561...23_TA_1208.pdf

Mentions BN66/Section 58 towards the end.

You must have had a good Xmas DR - a great but heavy read. Hard to believe that Gordon Brown comes from the same town as Adam Smith did - Kirkcaldy.