They are exactly the same in terms of rights. Only difference is the prefix of A and B. We all know that if husband waives his right to favour a dividend to wife and insufficient reserves to otherwise pay wife , that constitutes a bounty and husband likely to have made settlement. But this idea of A and B would appear to defeat that argument. Seems a bit too easy.
My answers
Sorry. The deposit is £10k. 36 monthly payments of £910 and a final payment of £25k.
The accountants are saying substance over form and it should be treated as a rental agreement!
you're right. it does depend on that.
Ok. You don't like Hypothetical or early stage questions then.
Ahh that's great thanks
How do you know HMRC think so ?
No
They are exactly the same in terms of rights. Only difference is the prefix of A and B. We all know that if husband waives his right to favour a dividend to wife and insufficient reserves to otherwise pay wife , that constitutes a bounty and husband likely to have made settlement. But this idea of A and B would appear to defeat that argument. Seems a bit too easy.
Thank you all. It was always the plan that we will now submit the 16 returns. 15 of which are late and 15 show repayment due.
thanks, I overegged the figures to make the point.
Portia. I note you've indicated a no vote. Care to expand on reasoning?