TTP

[Delendog]

Has anyone any real experience with TTP for CLSO2.

I am retired expect settlement to be about £175K I can put £40K down but need the rest over a number of years probably 7 . Anyone had an agreement that long?

Thanks

[phil@pmtc]

Has anyone any real experience with TTP for CLSO2.

I am retired expect settlement to be about £175K I can put £40K down but need the rest over a number of years probably 7 . Anyone had an agreement that long?

Thanks

Majority of agreements I’ve arranged are 1 or 2 years. Anything above is more difficult but not impossible depending on circumstance. The longest I’ve had is >10 years but that an extreme exception. The best advice i can give is to state that HMRC will need more reason to allow longer periods so it’s worth putting together your income/expenditure in advance of any discussions.

[Delendog]

Majority of agreements I’ve arranged are 1 or 2 years. Anything above is more difficult but not impossible depending on circumstance. The longest I’ve had is >10 years but that an extreme exception. The best advice i can give is to state that HMRC will need more reason to allow longer periods so it’s worth putting together your income/expenditure in advance of any discussions.

So HMRC statements around CLSO2 allowing longer TTP and Mel Stride forever saying longer TTP is more bull from them!

[webberg]

So HMRC statements around CLSO2 allowing longer TTP and Mel Stride forever saying longer TTP is more bull from them!

Spot on.

Those we have done are around 24 to 36 months with a couple of exceptional ones as Phil has indicated.

[phil@pmtc]

So HMRC statements around CLSO2 allowing longer TTP and Mel Stride forever saying longer TTP is more bull from them!

Well, as I say it’s not impossible to arrange longer agreements but certainly not as simple as a few statements have made it out to be!