by Lambs on Tue Oct 25, 2005 4:20 pm
J,
Clearly you have a nice appreciation of the matter: this is a question a tax practitioner will often ask himself as he considers his (or her) reply. Be concise and avoid confusing the matter, or provide background information that should prevent further related queries?
It is a matter of judgement and experience, set against the particular circumstances of the case in hand.
I should with respect suggest that I could no more advise you in this regard without knowing the full facts, than you should expect a mechanic to tell you what's wrong with your car's engine without being able to lok under the bonnet.
I should strongly recommend that you speak to a professional tax adviser directly, or even ask one to correspond with HM Inspector on your behalf.
Regards,
Lambs