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Where Taxpayers and Advisers Meet

Search found 7 matches

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by taxadvise
Sat Sep 26, 2015 1:18 pm
Forum: Property Taxation
Topic: Advise for Friend...Lost receipts....What happens now?
Replies: 13
Views: 1925

Re: Advise for Friend...Lost receipts....What happens now?

Good idea. I'll try and contact Citizens Advice for him.
by taxadvise
Sat Sep 26, 2015 11:36 am
Forum: Property Taxation
Topic: Advise for Friend...Lost receipts....What happens now?
Replies: 13
Views: 1925

Re: Advise for Friend...Lost receipts....What happens now?

Thanks King.

I guess he'll just have to contact them and explain his situation...maybe I might speak on his behalf if this is allowed.
by taxadvise
Fri Sep 25, 2015 1:53 pm
Forum: Property Taxation
Topic: Advise for Friend...Lost receipts....What happens now?
Replies: 13
Views: 1925

Re: Advise for Friend...Lost receipts....What happens now?

The "worst case" scenario is likely to be to disallow all the non-receipted expenditure. The associated increase in profit and tax liabilities could lead to interest and penalties thereon. In the absence of fraud, a custodial sentence is highly unlikely. Thank you for the clarification kingmaker. S...
by taxadvise
Fri Sep 25, 2015 10:59 am
Forum: Property Taxation
Topic: Advise for Friend...Lost receipts....What happens now?
Replies: 13
Views: 1925

Re: Advise for Friend...Lost receipts....What happens now?

...clearly nobody is going to prison
Thank you for clarifying that mate. What can he do if he has lost the receipts and still can't find them? What would the taxman do? Would they fine him? What about his mental health status? Would they take that into consideration?
by taxadvise
Fri Sep 25, 2015 10:53 am
Forum: Property Taxation
Topic: Advise for Friend...Lost receipts....What happens now?
Replies: 13
Views: 1925

Re: Advise for Friend...Lost receipts....What happens now?

perhaps whilst looking for receipts you could also search for your sense of humour I understand sense of humour, but there is a time and place as I'm talking about a very close friend of mine whom is on the verge of severe mental health breakdown again...what sort of a friend would that make me if ...
by taxadvise
Fri Sep 25, 2015 10:24 am
Forum: Property Taxation
Topic: Advise for Friend...Lost receipts....What happens now?
Replies: 13
Views: 1925

Re: Advise for Friend...Lost receipts....What happens now?

Contact the companies that did the work. They may still have records. Regards Peter Has he contacted the contractors for a copy of the invoice/receipt? If he paid otherwise than by cash, has he checked bank statements (if necessary requesting copies from the bank) of payments made? If he paid by ca...
by taxadvise
Fri Sep 25, 2015 9:44 am
Forum: Property Taxation
Topic: Advise for Friend...Lost receipts....What happens now?
Replies: 13
Views: 1925

Advise for Friend...Lost receipts....What happens now?

Hi everyone, Thanks for a great forum. My friend has had a property on rent for about 7-8 years. About three years ago, he claimed a large loss of approx £25k due to having a lot of work done on the property as tenants had done major damage to his property and then ran off without paying rent. He's ...

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