Bailiffs called ...........pooping myself

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Bailiffs called ...........pooping myself

    Good afternoon one and all.

    I will hold my hands up from the start and say I was naive regarding the tax situation on my let property.

    I am an "accidental landlord" in the fact we could not sell out property when we moved so have been renting it out.

    This should have only been for a few months..........and well you know the rest.

    Anyway, as taxes always catch up with you in the end, my wife got a tax bill........we do not know why it is not in both our names.

    IMMEDIATELY, I got a friends accountant to look into the matter and he said that bill was incorrect as they did not take into account mortgages/insurances/repairs etc etc etc.

    He gave me a figure to pay and I duly wrote some cheques to the tax man..........which have been cashed

    On Monday this week, a bailiff posted a letter saying she came to collect the full amount, or start listing the value of items in the house.

    Luckily I did not answer the door as I work nights.

    Can someone please tell me what I can do (especially re the bailiff) as I can't get passed my accountants secretary to get this sorted

    Thanks in advance

    #2
    There's a lot missing from that account - you don't normally "get a tax bill", you'd expect a notification that you were under investigation and a request for some documents.

    What an accountant would normally do if you have note reported income is contact HMRC and agree what the repayment schedule would be, not just decide an amount and pay it.
    There are likely to be penalties because you missed the returns themselves and they're set be HMRC, you can't guess what they might be.

    There would normally be some stages between HMRC claiming the money and the bailiffs being organised.
    Have you or your wife missed a lot of post?

    Have you tried contacting HMRC to see what the bailiff is trying to collect the full amount without taking into account what you've paid.
    When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
    Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

    Comment


      #3
      Thanks for taking the time to respond to me on this...........

      Originally posted by jpkeates View Post
      There's a lot missing from that account - you don't normally "get a tax bill", you'd expect a notification that you were under investigation and a request for some documents.
      Nope, we came home from holiday to find a letter saying please pay £10,000+................along with a paying in slip
      Originally posted by jpkeates View Post
      What an accountant would normally do if you have note reported income is contact HMRC and agree what the repayment schedule would be, not just decide an amount and pay it.
      There are likely to be penalties because you missed the returns themselves and they're set be HMRC, you can't guess what they might be.
      He worked out what I owed, after taking into account all my outgoings for the property, and I wrote 2 cheques (my wife's liability and my liability) he then said that if they are happy with that, they will then issue us with some "fines"
      Originally posted by jpkeates View Post
      There would normally be some stages between HMRC claiming the money and the bailiffs being organised.
      Have you or your wife missed a lot of post?

      Have you tried contacting HMRC to see what the bailiff is trying to collect the full amount without taking into account what you've paid.
      I just rang a number and apparently it was a field force officer.................is that not a bailiff?

      Comment


        #4
        No - stop pooping.

        It's a member of HMRC.

        http://taxaid.org.uk/guides/taxpayer...rcement-action

        Try arranging to meet them at your accountants.
        Last edited by jpkeates; 23-06-2016, 17:04 PM. Reason: Spoke to my accountant!
        When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
        Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

        Comment


          #5
          Thanks jpkeates.

          May I ask, what is my best course of action?

          Can I just leave it up to the accountant who I am sure is working on it (I've not paid his final bill yet so it is in his best interest).

          Or is their a number I can/should ring (The only number I have is for "Debt Management and Banking")

          Kel

          Comment


            #6
            Pay tax man now. Today. Pay accountant now. Today.

            Paying when billed is a much admired tradition to be emulated.

            Then appeal tax bill, with full accounts.
            I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

            Comment


              #7
              Originally posted by kelly12345 View Post
              Can I just leave it up to the accountant who I am sure is working on it (I've not paid his final bill yet so it is in his best interest).
              Call the field force officer and arrange to meet them at your accountant (call the accountant first).

              If you trust your accountant, you can leave it up to them.
              I wouldn't, I'd want to be involved.

              HMRC don't need bailiffs, they can seize assets and bank accounts on their own.
              When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
              Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

              Comment


                #8
                I have spoken to the field office this morning.

                They are going to put the case on hold for 1 month whilst this gets sorted.............even they are confused with what is happening

                Comment


                  #9
                  Perhaps this a salutary lesson to anyone who for one reason or another lets a property"forgets to tell HMRC" perhaps forgets to get consent from the lender to let the property and continues to enjoy a residential mortgage rate rather than pay the BtL rate, and the heinous of crimes is ignore communications from HMRC.
                  I am pleased that the Field Officer has agreed a stay of execution pending resolution of your financial affairs, sadly I fear that your record will be marked and closely examined for any declarations going forward.
                  Please do keep us updated on the outcome of your issues with HMRC.

                  Comment

                  Latest Activity

                  Collapse

                  • Reply to Selling part share
                    by AndrewDod
                    Well if CGT was not payable on the first slice it won't be on the second.

                    I don't see that you retained a benefit, but I can't find any case law to that effect. But if rent was payable it would have gone in both directions (you would have paid your son half the rent and he would have paid...
                    31-03-2020, 18:19 PM
                  • Selling part share
                    by Bill31
                    5 years ago i gifted part of my property to my son as joint tenants. We lived in the property together. So its possibly a grob.

                    Now we want to go our separate ways. Could he buy my share out so he owns the whole house. And i use the money to buy elsewhere. Could this introduce a IHT or...
                    31-03-2020, 13:41 PM
                  • Reply to Selling part share
                    by Bill31
                    Interesting that it may not be a grob as we own it all together. But surely hmrc will view it as i retained a benefit.

                    Its our only main property i dnt think any cgt will be due. I was asking will cgt be due if i make another gift or sell my share to get my name of deeds?
                    I ask because...
                    31-03-2020, 17:35 PM
                  • Reply to Selling part share
                    by AndrewDod
                    Although they were BOTH living there and both owned it -- so the share gifted is probably not a GROB. It would be if only the OP was living there (owning only a portion) and not paying rent.

                    It depends on the proportion - if the OP owned 1% and paid no rent - I think it would be in GROB...
                    31-03-2020, 17:09 PM
                  • Reply to Selling part share
                    by Bill31
                    Ok thanks.
                    So as i already did a gift of the property a few years back. Do i have to to pay cgt on the rest of the property when i gift it over or sell it to son as cash?...
                    31-03-2020, 16:33 PM
                  • Reply to Selling part share
                    by jpkeates
                    If you gift someone a property (or part of one) and carry on living there, the gift has reservations.
                    So you either need to move out or start paying market rate rent to live there to end that situation.

                    Any transaction done at an undervalue is treated by HMRC as being at market value,...
                    31-03-2020, 15:52 PM
                  • Reply to Selling part share
                    by Bill31
                    Grob meaning gift with reservation.

                    What if the purchase is below market value. The share is worth a market value of 250k but i can only afford to pay 200k. How will hmrc view it?

                    In another view i already made a gift of the property to him as joint tenant, how is the best...
                    31-03-2020, 15:11 PM
                  • Reply to Selling part share
                    by jpkeates
                    I don't know what a grob is in this context.

                    It was a gift with reservation, so, unless you are paying rent, the property is still in your estate for IHT purposes.

                    As long as your son doesn't live in the new property, I don't see that POAT would apply, but it's not something...
                    31-03-2020, 14:52 PM
                  • New Landlord - Self Assessment Help
                    by mrdiy88
                    Hi Guys,

                    My wife and myself bought a property in December 2018. It needed repairs and other work such as:

                    1) A New roof (Tiles felt and battens) due to porous tiles
                    2) A new kitchen as it was in a bad state of repair and no one would spruce it up
                    3) A new bathroom,...
                    28-03-2020, 15:56 PM
                  • Reply to New Landlord - Self Assessment Help
                    by mrdiy88
                    Thanks this will really help us

                    Much appreciated and learning plenty this first time round....
                    31-03-2020, 13:40 PM
                  Working...
                  X