Hey,
I thought i had settled with AML when I paid back over 100k about 12 months...I recently received a letter from my tax advisor that they have taken the liberty of adding IHT on the duties payable on the assumptions that the loans will be written off.
Does anyone know if they can do this?
My advisor is not aware of how the trust [s] were termed so cannot comment if this is right, but has anyone gone through this? is this a losing battle or something that can be countered?
The same letter mentions that if I settle this it would be a final/full settlement but I just dont believe anything anymore
I thought i had settled with AML when I paid back over 100k about 12 months...I recently received a letter from my tax advisor that they have taken the liberty of adding IHT on the duties payable on the assumptions that the loans will be written off.
Does anyone know if they can do this?
My advisor is not aware of how the trust [s] were termed so cannot comment if this is right, but has anyone gone through this? is this a losing battle or something that can be countered?
The same letter mentions that if I settle this it would be a final/full settlement but I just dont believe anything anymore
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