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By BKD
25th Jan 2013 09:45

Should you not ...

... be asking your own accountant to help with this?

But for what it is worth, my answer to both parts of your question is no.

There may be a way of arranging things in a more tax-efficient manner, but that is beyond the scope of free advice at the end of January.

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25th Jan 2013 09:56

BKD - thanks, in answer to your first question - that is an issue that we are trying to resolve !

I am beginning to realise that there is probably a longer term solution around swapping the debt for equity but it is unlikely to be resolved before the end of Jan.

 

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25th Jan 2013 09:53

Agreed

No and No, but if you had done this properly in the first place there would not be a problem.

Please

1 get some advice now, it may be possible to salvage something.

2 tell all you friends that you DIY approach has cost you at least £20k

Chris Smail

www.langer.co.uk

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25th Jan 2013 18:17

Seriously, you need specific advice.

I trust that you have today found a local practitioner who you feel you can rely upon. What you can do depends upon your personal circumstances and so on far to much for general advice that could be given on here. There is however no time to get clearances through by 31 Jan. It might be worthwhile filing a bit late after proper advice.

 

Chris Smail

www.langer.co.uk

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25th Jan 2013 19:48

Late filing

Thanks Chris - appreciate the thoughts, and we will pursue this course of action

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