Things about to get very serious and much more real? / Felicitas Letters

[Whowouldhavethought]

Wow, you actuallly paid Feliitas, i understand thats your choice and it may give you some comfort however Felicitas havent given proof that they own the loans/debt.

What happens when another company say they have the loans? do you pay them too?

That's why there was an indemnity in my agreement, written by a specialist lawyer - So no, I wouldn't be paying anyone else

[happychap]

I have settled with the HMRC fully, as well as agree a small percentage settlement (with indemnity) from Felicitas-By the sound of it it may be worth chatting to a Tax Specilaist .

Wow, you actuallly paid Feliitas, i understand thats your choice and it may give you some comfort however Felicitas havent given proof that they own the loans/debt.

What happens when another company say they have the loans? do you pay them too?

[MrO666]

I have settled with the HMRC fully, as well as agree a small percentage settlement (with indemnity) from Felicitas-By the sound of it it may be worth chatting to a Tax Specilaist .

You've paid your tax so I wouldn't feel obliged to ask if they wanted some more. The whole scenario could become very complicated (and expensive), so unless you're a gluten for punishment, I think I'd say nothing, leave it alone and hope you never hear about anything ever again.

[Whowouldhavethought]

Settled with who exactly, HMRC or Felicitas ?

I'm no tax expert at all, however if you had settled the full tax liability for the income (they're not loans remember, it's income) with HMRC, then I'd be surprised if HMRC would come back for a second bite of the cherry. If you mean you paid Felicitas some money to send you a piece of paper, then unless you were to phone HMRC and tell them, then how would they know. Even if you did phone them, I fail to see how a piece of paper would in anyway be taken as genuine evidence that your involvement with a trust had ceased.

Clearly this is an opinion and by no means should be taken as advice in any way at all. That's what tax specialists are for.

I have settled with the HMRC fully, as well as agree a small percentage settlement (with indemnity) from Felicitas-By the sound of it it may be worth chatting to a Tax Specilaist .

[MrO666]

Has anyone on this thread settled and have had to deal with IHT issues?

Settled with who exactly, HMRC or Felicitas ?

I'm no tax expert at all, however if you had settled the full tax liability for the income (they're not loans remember, it's income) with HMRC, then I'd be surprised if HMRC would come back for a second bite of the cherry. If you mean you paid Felicitas some money to send you a piece of paper, then unless you were to phone HMRC and tell them, then how would they know. Even if you did phone them, I fail to see how a piece of paper would in anyway be taken as genuine evidence that your involvement with a trust had ceased.

Clearly this is an opinion and by no means should be taken as advice in any way at all. That's what tax specialists are for.

[Whowouldhavethought]

Has anyone on this thread settled and have had to deal with IHT issues?

[Diagnose b4 u prescribe]

All seems quiet on the western front.........I wonder what's cooking now.

Surely the time is drawing nearer that the Big F need to put up or shut up, and I don't mean in relation to some dodgy SD that they may have sent. I mean actually trying to prove that they have a genuine case in a court of law.

How long I wonder can the continued prodding of people (emails, texts, letters etc) go on before it's deemed harassment......, genuine question ?

Good point about harassment

[GotScrewed]

All seems quiet on the western front.........I wonder what's cooking now.

Surely the time is drawing nearer that the Big F need to put up or shut up, and I don't mean in relation to some dodgy SD that they may have sent. I mean actually trying to prove that they have a genuine case in a court of law.

How long I wonder can the continued prodding of people (emails, texts, letters etc) go on before it's deemed harassment......, genuine question ?

Already past that point if you ask me....

[MrO666]

All seems quiet on the western front.........I wonder what's cooking now.

Surely the time is drawing nearer that the Big F need to put up or shut up, and I don't mean in relation to some dodgy SD that they may have sent. I mean actually trying to prove that they have a genuine case in a court of law.

How long I wonder can the continued prodding of people (emails, texts, letters etc) go on before it's deemed harassment......, genuine question ?

[DealorNoDeal]

"If" they go to court, do they need to win just one disputed loan case? Or would they have to action every single one separately? Though I imagine "if" there was one win for them it would considerably change the entire tax avoidance loans landscape. On the evidence here, I doubt it's going to happen. But who knows?

Everyone would be entitled to their own day in court. There were several different schemes and people might have specific individual circumstances which make their case different to others.

However, if Felicitas won one case, then it wouldn't bode well for anyone else.

If, at some point, Felicitas do claim to have won a case, it would be wise to scrutinise that very carefully indeed.