Postby Taxbar » Fri Jun 27, 2003 5:34 am
Dear Dr Colin Lewis,
The fees for a House Debt Scheme or Reverse Ingram ( please note that Eversden is no longer available) that I quote above are not mine, but are the market rates quoted by several London legal firms involved in this type of work. In my case ( I don't speak for anyone else!) it would be based on chargeable time at a hourly rate in drafting several bespoke legal documents and giving personalised appropriate tax advice governing your specific situation.Th concepts surrounding these schemes are very complex in tax and legal terms and require a very skilled and experienced tax professional to implement; they also involve the interaction of several taxes and obstruce points of tax law.
If you are concerned about fees, then this type of tax planning is not for you! Whatever you do, please don't buy an off-the-shelf product, they will be the first to be attacked by the Revenue!
Daniel Feingold