EBT HELL: Assignment Solutions Isle Of Man / Premier Tax Strategies / DMS

[LadyPenelope]

Has anyone successfully had the loans written off by Optimus Fiduciaries? They have quoted me £300 to write them off. Which I can live with, but I'm kind of terrified that this will trigger a request to pay the loans back. They sound legit - but as we all know, sounding and being are different things.

[Fred Bloggs]

Has anyone successfully had the loans written off by Optimus Fiduciaries? They have quoted me £300 to write them off. Which I can live with, but I'm kind of terrified that this will trigger a request to pay the loans back. They sound legit - but as we all know, sounding and being are different things.

Seems a simple enough question for them to answer. Have you asked them?

[LandRover]

Has anyone successfully had the loans written off by Optimus Fiduciaries? They have quoted me £300 to write them off. Which I can live with, but I'm kind of terrified that this will trigger a request to pay the loans back. They sound legit - but as we all know, sounding and being are different things.

But the charge from HMRC is that the receipt of the loans in the first place was disguised remuneration. Yes that should be challenged, but look what the government are planning with new legislation announced in Budget, writing off loans means nothing to HMRC you will be still given APN or whatever legislation comes into force in 2019. Seek independent advice.

[LadyPenelope]

Seems a simple enough question for them to answer. Have you asked them?

Indeed I did. And they said they wouldn't be asking for repayment (over the phone). Now I'm typing this, I'm aware it sounds paranoid, however, they are within their rights to ask for payment.

Landrover, I know it doesn't affect the tax position. Have been around here long enough to know that.

[frodo]

Has anyone successfully had the loans written off by Optimus Fiduciaries? They have quoted me £300 to write them off. Which I can live with, but I'm kind of terrified that this will trigger a request to pay the loans back. They sound legit - but as we all know, sounding and being are different things.

LadyPenelope are Optimus Fiduciaries now the trustees for ASIOM loans? May I ask if that £300 was a flat fee or a percentage of the loans?

[LadyPenelope]

LadyPenelope are Optimus Fiduciaries now the trustees for ASIOM loans? May I ask if that £300 was a flat fee or a percentage of the loans?

It was a flat fee. They definitely have the correct loan amounts as I was able to check back to my records. This seems to always be the case based on info I've had from other people.

Thing is, I was transferred to Marra Solutions in Feb 2007 and I have yet to track down who, if anyone is the trustee for these loans. I've asked Optimus if it's them and I'm waiting for a reply but if anyone knows who is I'd appreciate it if they could let me know.

[webberg]

Indeed I did. And they said they wouldn't be asking for repayment (over the phone). Now I'm typing this, I'm aware it sounds paranoid, however, they are within their rights to ask for payment.

I suggest that you get that in writing and soon.

[LadyPenelope]

I suggest that you get that in writing and soon.

Apparently other people have done this successfully. Of course I've asked for it in writing!

[frodo]

It was a flat fee. They definitely have the correct loan amounts as I was able to check back to my records. This seems to always be the case based on info I've had from other people.

Thing is, I was transferred to Marra Solutions in Feb 2007 and I have yet to track down who, if anyone is the trustee for these loans. I've asked Optimus if it's them and I'm waiting for a reply but if anyone knows who is I'd appreciate it if they could let me know.

Thanks, Lady P. Webberg does this sound legit to you? I know you guys are doing some work around the write-off of loans and I was under the impression that it was not that straight forward because the tax legislation in IOM is unclear on a lot of the trust outcomes of loan write-offs

[LadyPenelope]

Apparently other people have done this successfully. Of course I've asked for it in writing!

Written confirmation of write-off received, in case anyone is thinking of doing the same thing.