AML/Knox House Trustloan write off AML/Knox House Trustloan write off
Posts 1 to 4 of 4
  1. #1

    Nervous Newbie


    Join Date
    Jun 2019
    Posts
    2

    Default AML/Knox House Trustloan write off

    During the lead up to the Loan Charge deadline I received an email from those lovely thoughtful people at Knox House Trust/AML.

    The only bit I found of interest was the last paragraph " If you have already reached a settlement with HMRC in relation to your loans we, as Trustees, will be happy to review same with a view to taking the necessary steps to write off the loan which we will complete for you free of any charges."

    I only used the scheme for a brief period and settled with HMRC a couple of years back but have always wondered where I stood as to my liability of the "loan" via AML and I'd be relieved to have the sorry episode finally and completely resolved.

    Have any former AML scheme users had their loans released/written off and if so what steps did they take?

    I'd be very grateful to hear of your experiences and findings.

    Many thanks
    Anders

  2. #2

    Nervous Newbie


    Join Date
    Jul 2019
    Posts
    10

    Default

    Quote Originally Posted by dafthead View Post
    During the lead up to the Loan Charge deadline I received an email from those lovely thoughtful people at Knox House Trust/AML.

    The only bit I found of interest was the last paragraph " If you have already reached a settlement with HMRC in relation to your loans we, as Trustees, will be happy to review same with a view to taking the necessary steps to write off the loan which we will complete for you free of any charges."

    I only used the scheme for a brief period and settled with HMRC a couple of years back but have always wondered where I stood as to my liability of the "loan" via AML and I'd be relieved to have the sorry episode finally and completely resolved.

    Have any former AML scheme users had their loans released/written off and if so what steps did they take?

    I'd be very grateful to hear of your experiences and findings.

    Many thanks
    Anders
    Hi Dafthead,

    I received the same kind & thoughtful email but decided to file it away. Had enough dealings with them and where their QC/HMRC approved scheme have got me.

  3. #3

    Nervous Newbie


    Join Date
    Apr 2017
    Posts
    12

    Default

    I sent them proof of settlement agreement and within a couple of days they wrote to me confirming loans have been written off. Mine was Knox house via Smartpay.

  4. #4

    Nervous Newbie


    Join Date
    Jun 2019
    Posts
    2

    Default

    Quote Originally Posted by panders View Post
    I sent them proof of settlement agreement and within a couple of days they wrote to me confirming loans have been written off. Mine was Knox house via Smartpay.
    Many thanks for taking the time to reply.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •