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fru-gal

'Bogus stamp duty dodge meant we had to pay £54,000 more'

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7 minutes ago, fru-gal said:

But the husband told Telegraph Money: “My wife is a doctor. She doesn’t have the time to think about these things, so it has come as a massive shock. Her mistake was not taking a second opinion, but she thought she was dealing with trustworthy professionals, and just did what they asked.”

Who the hell "doesn't have time" to properly research a £1,000,000 purchase?!? Would it not have taken a lot less time to just pay the stamp duty? Trying to get away with tax evasion is one thing, but trying to paint yourself as some kind of victim...

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27 minutes ago, oatbake said:

But the husband told Telegraph Money: “My wife is a doctor. She doesn’t have the time to think about these things, so it has come as a massive shock. Her mistake was not taking a second opinion, but she thought she was dealing with trustworthy professionals, and just did what they asked.”

Who the hell "doesn't have time" to properly research a £1,000,000 purchase?!? Would it not have taken a lot less time to just pay the stamp duty? Trying to get away with tax evasion is one thing, but trying to paint yourself as some kind of victim...

She had the time to scour the internet for an avoidance scheme........

 

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12 minutes ago, Exiled Canadian said:

She had the time to scour the internet for an avoidance scheme........

 

Not necessarily when it comes to IT contractors it used to be a profitable sideline for agents until 1st October when the law finally changed

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23 minutes ago, Exiled Canadian said:

She had the time to scour the internet for an avoidance scheme........

 

£1m house and doesn't want to pay tax for schools and hospitals and sh1te like that. It's her money and she wants to keep it...let the scummers pay the tax. she can save the money and recarpet the place...better use of her money. 

I feel sorry for her...bring suckered in like that. At least she has won that Nigerian lottery last month and now she sent the £15k admin fee to the third party she will get her multi million pound win shortly and that will nicely offset this stamp duty mishap. 

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So many things going on here it beggars belief. Firstly we have public sector employees buying million pound houses which is now considered nothing out of the ordinary. Secondly we have a "highly intelligent professional" falling for a "too good to be true" scam and presenting themselves in a national newspaper as a victim,  you couldn't make it up.

Edited by Tiger131

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"He added: “For people with no financial training or experience this is a serious trap.”.    "

 

IT'S AN UNREGULATED INVESTMENT YOU F00KING MORONS.

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1 hour ago, Exiled Canadian said:

She had the time to scour the internet for an avoidance scheme........

 

Not really, schemes like this feature as sponsored links on Daily Express etc. online

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20 minutes ago, Si1 said:

"He added: “For people with no financial training or experience this is a serious trap.”.    "

 

IT'S AN UNREGULATED INVESTMENT YOU F00KING MORONS.

:)  Can rely on you to cut straight to the real point of the matter, Si1. :)

3 good comments on the BTLegraph article.

Quote

 

-Funny how this busy hospital doctor had time to research tax avoidance schemes but not to check on their legality...

-The doctor "doesn't have time" to properly research a £1,000,000 investment?!? She has been caught dodging tax and now she is trying to paint herself as a victim. She deserves everything she gets!

-“My wife is a doctor. She doesn’t have the time to think about these things" . A lot of us are busy, you should stop thinking you are any different because your wife is a doctor. 

 


This story still makes me laugh.  Somewhere I had a record of suggesting how the authorities are now approaching SDLT evasion for penalties, but can't recall where my notes are.

And so often positioning as the victims.... learned helplessness to ever more reckless behaviour and gambles, has paid off so well last decade.

Quote

 

Exclusive: Tax error lawyer loses anonymity battle 
22 August 2014

A property lawyer fined by HMRC for not paying Stamp Duty Land Tax on his £760,000 home has lost his fight for anonymity.

In 2010 Richard Chan declared on his SDLT return that his house cost £100,000, which conveniently put it below the threshold for SDLT. When HMRC opened an investigation it discovered that the purchase price was actually £763,750, and £30,550 in SDLT was due.

Chan paid both the tax and, fearful of being publically named as a wrongdoer, the £16k penalty HMRC imposed on him for submitting a deliberately inaccurate return. Unfortunately the tax man told him that by paying the penalty he had admitted his guilt and, as a result, it was definitely going to release his details. Chan appealed to the Tax Tribunal.

Cornwall-Terrace_6_1172310a.jpg   A £100k house yesterday 


His appeal went poorly. Judge Barbara Mosedale said Chan's evidence "did not show him to be a person of high ethical standards". She blasted his claim that publication of her decision would be libellous if it contained his name ("as a matter of law, it is not") and slapped down his argument that his name shouldn't be revealed because he could get into trouble with the SRA, explaining that, "far from justifying anonymity, [Chan's position as a solicitor] positively favours full publication".

Until recently Chan was being praised in the legal press for the explosive growth of his firm, Arc Property Solicitors. Alas, last year the SRA closed it down and ordered Chan to appear before the Solicitors Disciplinary Tribunal for alleged failings including acting in conflicted transactions, mixing up client cash and, yes, SDLT avoidance at the firm. 

more http://www.rollonfriday.com/Default.aspx?TabId=58&Id=3494&fromTab=36&currentIndex=2

 

 

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Wasn't Busta pushing some kind of scheme where there would be some kind of cover if the scheme was not accepted by HMRC? Or was it that they'd got HMRC approval in advance? Was it the BICT thing?

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Are these the low hanging fruit that HMRC have been seeking?

A limited number of transactions (or just a property purchase) as opposed to a string of BTL tax dodging. And a single simple large unpaid tax bill. Could be fun watching these get rolled up over the coming years.

Edited by Si1

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18 minutes ago, spyguy said:

In The Intelligent Investor, Benjamin Graham says that medical doctors are an example of clearly intelligent persons, who should not do sophisticated investing (eg stock picking) because they just don't have the time to do full due diligence on such endeavours

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8 minutes ago, Si1 said:

In The Intelligent Investor, Benjamin Graham says that medical doctors are an example of clearly intelligent persons, who should not do sophisticated investing (eg stock picking) because they just don't have the time to do full due diligence on such endeavours

Some don't have the time to fill in a self assessment form and declare their BTL income either.

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2 hours ago, Si1 said:

In The Intelligent Investor, Benjamin Graham says that medical doctors are an example of clearly intelligent persons, who should not do sophisticated investing (eg stock picking) because they just don't have the time to do full due diligence on such endeavours

100% accurate. Their minds are completely filled with cascades of chemical interactions in the body  and they are normally from well-off, well-fed middle class smug backgrounds. They are swimming with financial sharks and they don't know it.

poor sods.

 

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5 hours ago, TheBlueCat said:

I seriously hope I am never treated for anything serious by a doctor that dumb.

Dont go to a GP, or have surgery ...

Medicine is a funny collection of people and views.

Now competition (i.e. reduction of legal aid) has brought an element of market forces to Law, Medicine (DRs) is the last place you;ll find the class system.

Most DRs are slected at 18 - so parents have a significant input - tutors, private schools etc etc to push their kids into meical schools.

Then its just a matter of not fcking up too much.

As medicine and illness is become more + more technical i.e. needing stats crunching, the old style DRs are left with kids on pans on heads and other simple to diagnose stuff.

Its also why googling your symptons gives you better results than (trying) to go to a GP .

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3 minutes ago, Greg Bowman said:

This was a great find if Petrolheads can discuss SDLT surely we can have a motors section on HPC ? ??

Im not a car person - dont care.

However, lots of people are.

Any forum that gives you a wide sample of people is good for finding out the how common certain little 'phenomena' are.

 

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9 minutes ago, spyguy said:

Im not a car person - dont care.

However, lots of people are.

Any forum that gives you a wide sample of people is good for finding out the how common certain little 'phenomena' are.

 

Absolutely Pistonheads is in some respects similar to HPC in that majority of posts on core subject but also plenty of wider discussion 

 

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