Originally posted by dammit chloe
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New loan charge letters from HMRC
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Originally posted by Thin White Duke View PostThank you for your valuable input.Comment
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Originally posted by Iliketax View PostI'm glad you've got it sorted.Comment
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Originally posted by Thin White Duke View PostAs I thought; basically no need to disclose anything if you did not have an outstanding loan at either 5/4/19 or 16/3/16.Comment
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Originally posted by Thin White Duke View PostThanks. I may just be in the lucky 0.1%.
And do you expect the funds to sit with the trustee in perpetuity now, or do you have a plan to extract the funds in future?
I realise you may not want to answer since HMRC will be reading thisComment
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Originally posted by Iliketax View PostGreat. Now just collate your evidence of repayment for when HMRC enquire into your 2018/19 tax return.Comment
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Originally posted by Thin White Duke View PostSo many assumptions...Comment
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Originally posted by Iliketax View PostSorry, I just assumed you had evidence.Comment
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Originally posted by Paralytic View PostOut of interest, when you pay back the loan, i assume the funds go back with the trustees? Is that right? Did you pay the loan back to avoid the Loan Charge or for another reason? If the former, what advantage did that have over paying the loan charge (or settling)?
And do you expect the funds to sit with the trustee in perpetuity now, or do you have a plan to extract the funds in future?
I realise you may not want to answer since HMRC will be reading thisComment
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