BIG GROUP

[starstruck]

Yep, 100% completely agree with both posts above. I'm glad we have reached agreement

For my very personal circumstances the difference between LC and settlement is many tens of thousands.

Would I place this amount on money on a game in a casino where the odds of winning are 65%? Something to think about over the coming months.

Btw I complete appreciate, understand and absolutely sympathise with those that can't make this choice because they can't afford to settle. For these people BG is obviously the only life line they have and I sincerely wish them and BG success.

[webberg]

Btw I complete appreciate, understand and absolutely sympathise with those that can't make this choice because they can't afford to settle. For these people BG is obviously the only life line they have and I sincerely wish them and BG success.

I have to say that the majority of our members are not in the situation you think they are and on their behalf you'll forgive me for considering your comments more than a little patronising.

Some of our members undoubtedly are not financially able to settle at this time.

Some are but choose not to for a variety of reasons.

Percentages in each group? I don't know but I'd be surprised if the first group was a majority.

[starstruck]

I have to say that the majority of our members are not in the situation you think they are and on their behalf you'll forgive me for considering your comments more than a little patronising.

Some of our members undoubtedly are not financially able to settle at this time.

Some are but choose not to for a variety of reasons.

Percentages in each group? I don't know but I'd be surprised if the first group was a majority.

I said “sympathise with those that can't make this choice ”. I never said nor meant to imply that all big group members are in this camp. And for what it’s worth I was being sincere.

[Clairol]

It’s this really a constructive and worthwhile use of time?

[webberg]

It’s this really a constructive and worthwhile use of time?

Defending the character of BG and its members?

yes I think so.

[cojak]

I have allowed this debate to continue.

I am with DaveB, Malvolio and Fred Bloggs - talk to webberg over the phone, ask the questions and make your own decisions.

Don't expect webberg, or Phil or any other tax advisor to blab what they plan to do on a public forum.

[Finalwhistle]

We're working on a calculator now.

I’d be really interested in seeing this. Do you have an idea of availability date please?
Surely the situation not only depends on the person (both their fanancial situation and/or appetite for a fight) but also based on the scheme used I.e. trust based scheme or commercial loan etc). I have a mixture of arrangements and may take to choose some through BG and some through CLSO? Is this possible?

Keen to have a telephone chat webberg. Have requested a chat through my WTT advisor.

[webberg]

I’d be really interested in seeing this. Do you have an idea of availability date please?
Surely the situation not only depends on the person (both their fanancial situation and/or appetite for a fight) but also based on the scheme used I.e. trust based scheme or commercial loan etc). I have a mixture of arrangements and may take to choose some through BG and some through CLSO? Is this possible?

Keen to have a telephone chat webberg. Have requested a chat through my WTT advisor.

Calculator ETA, perhaps 3 weeks. This will be for BG members only and will not be released here.

It will not consider differences between loan types. In the 100+ schemes we have seen, none of them, in our opinion, meet the "commercial" tests.

You will NOT be able to exclude some schemes from CLSO. That is an all or nothing process.

Consequently, going for CLSO means that you do not need BG's plan.

You will need to choose between them.

[WalterWhite]

Calculator ETA, perhaps 3 weeks. This will be for BG members only and will not be released here.

It will not consider differences between loan types. In the 100+ schemes we have seen, none of them, in our opinion, meet the "commercial" tests.

You will NOT be able to exclude some schemes from CLSO. That is an all or nothing process.

Consequently, going for CLSO means that you do not need BG's plan.

You will need to choose between them.

What would you say are the "commercial tests" that HMRC use?

[Delendog]

What would you say are the "commercial tests" that HMRC use?

Re-payable in a time period with interest at a commercial rate. Evidence of actual repayments being made.