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Any settlement figures yet?

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    Originally posted by Boydskeet79 View Post
    I contacted them a while ago to ask them to write the loans off, they said they would only do so upon evidence of a settlement with HMRC. So I've sent them my settlement acceptance letter, with the details and they said they would put the motion forward. I'm still getting active communication from the email [email protected]
    OK - so its sounds like they'll play ball once you prove you've settled. Unlike some trusts who I see from these forums are trying to make money out of those requesting loan cancellation / write-off.

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      Originally posted by Boydskeet79 View Post
      I received my settlement offer recently, including IHT, retrospective and forward interest, my offer is 36% of the total loans. I was only in the scheme for 2 tax years, 2009 and 2010. This seems high, but if I remove the IHT and interest, its 19% of the loans, which seems fair enough.

      .....
      19% is a decent figure to be honest as from experience I have had 33% or 40% with interest.

      Comment


        Originally posted by Boydskeet79 View Post
        I received my settlement offer recently, including IHT, retrospective and forward interest, my offer is 36% of the total loans. I was only in the scheme for 2 tax years, 2009 and 2010. This seems high, but if I remove the IHT and interest, its 19% of the loans, which seems fair enough.
        Apologies for asking a basic question: you said your offer was 36% - was that in response to a figure that they proposed you repaid? How did you arrive at that figure? I've been sent a figure for mine and just wondering how others are going about dealing with theirs.

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