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Scottish Trust Deed Forum
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Topic starter
10/10/2011 6:24 pm
Hi
I`ve just been notified by the inland revenue of a tax rebate of £2700.00 I have overpaid tax for the years 2008 - 2011 My question is will I have to give this up to my creditors?
10/10/2011 6:30 pm
Hi deid
Yes, this will be looked on as income.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
10/10/2011 6:37 pm
Mark,
Most of the overpaid tax was from 2 yrs before I took out the TD ! Would I have to give the full amount to my trustee?
10/10/2011 7:14 pm
Hi deid
The timing won't make a great deal of difference.
Hopefully the Trustee will agree a split and not demand the whole amount.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
10/10/2011 7:20 pm
Mark,
Thanks for your help, I`ll let my trustee know tomorrow.
deid
10/10/2011 9:13 pm
Hi deid
How lucky to get a tax rebate without even asking for it!! Hopefully your good luck will continue, and your Trustee will agree a split as Mark suggested.
Shona is not currently posting in the Trust-Deed.co.uk forum.
