Originally posted by BankingContract0r
View Post
Please do not fall for another scum of 5% deed of release. That money is better spent arguing for your case in court. Even better if all ex-AML users came together and argue a single case.
If AML came demanding for the loans to be repaid, do not be scared, approach the courts for relief. The courts cannot rule that it is disguised remuneration in favour of the HMRC and then argue that the same disguised remuneration is loans in favour of AML. The logic is twisted. By ruling that the loans are disguised remuneration, that is what the 'loans' are. They cannot be both disguised remuneration and loans.
Even by their own admission, AML in their email of 18th April have unwittingly accepted that these 'loans' were in fact disguised remuneration. Read this extract from the email:
"...You will have received an email from Knox House Trust, the Trustees of the trust that holds your loan. They have outlined 2 options to mitigate the 2019 Loan Charge; Settlement or Repayment..."
Settlement means paying the tax due on the 'loan'. Now we have all taken bank loans or other regulated financial institution loan. I have never had to pay a tax on those loans. Knox House Trust loans are the only loans I have heard of where the recipient has to pay income tax on a loan.
Guys, the more we see the duplicity of AML/Knox, the more we should take the fight to them.
I suggest we start researching and sharing all the court cases that AML have lost and also other similar cases like the Rangers one. Does anyone know the citation of all the AML cases lost so far at court or FTT?
Comment