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can I contact HMRC to settle

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    #91
    Originally posted by webberg View Post
    What is the source of your understanding?
    From a tax advisor connected to the loan scheme that I had used, it was a couple of years ago so unsure if the rules may have changed... or maybe my own misunderstanding.

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      #92
      Originally posted by Headinthesand27 View Post
      From a tax advisor connected to the loan scheme that I had used, it was a couple of years ago so unsure if the rules may have changed... or maybe my own misunderstanding.
      Was he/she actually a tax adviser with suitable qualifications etc?

      Was he/she YOUR tax adviser or were they an adviser to the scheme?

      Nothing has really changed in this space in a couple of years save HMRC's desire to extract maximum tax. To do that they use a skewed and flawed interpretation of IHT (and everything else).

      The adviser may have been entirely correct but HMRC's default position is that tax is payable - and argue about it later.

      If you are no longer UK resident, I suggest you go to a reputable local adviser and ask them.
      Best Forum Adviser & Forum Personality of the Year 2018.

      (No, me neither).

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