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Topic starter
06/04/2019 10:46 pm
Hi everyone,
I have entered a Trust Deed scheme about two months ago though there is a lot of questions that have never been answered, mainly because of all the stress and an idea of having it off my arms.
One of these questions includes tax return which is nearly coming my way, therefore I want to ask if I'm entitled to claim tax back - there meant to be about £800 - or my trustee will get hold of it to pay out some of my outstanding debts?
Before I signed off papers I have noted that I'm owning my landlord a chunk of money (not taken as a part of the scheme) that I couldn't pay out, so I thought that will do so when my tax comes back. Then I realised this is unlikely to happen.
Thanks for any clarification!
08/04/2019 9:11 am
Welcome to the forum MattAsks93.
I suspect that your trustee will expect most or all of any tax rebate to be paid over to them to help repay your creditors.
Is your trustee aware of your rent arrears?
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
09/04/2019 9:09 am
Hi MattAsks93 and welcome to the forum.
Well done on taking steps to positive steps to try and deal with your debts.
Was a tax return / tab rebate discussed with you prior to signing the Trust Deed?
When you enter a Trust Deed a notice is placed on the Register of Insolvencies which remains there if your Trust Deed becomes protected. From this HMRC if you are due a tax rebate will see you are in a Trust Deed and will more than likely forward this amount directly to your Trustee. Your Trustee will retain these funds unless you can make a strong argument as to why you would require these.
How much rent arrears do you have and is this to a private landlord or a housing association or local authority?
You had mentioned still a lot of questions have never been answered. Feel free to ask as many questions as you like on the forum and we will do what we can to help you. Plenty of support and help on here.
David is not currently posting in the Trust-Deed.co.uk forum
