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dalgreen
Starting Member
22 Posts |
 Posted - 04 April 2012 : 17:43:23
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Hi
This is a little long, but I need any information possible.
My husband and I went bankrupt in July 2009, discharged January 2010
My husband is on an IPA, ending August this year 2012.
We had read somewhere about a nil tax code for the period of bankruptcy. My husband continued to pay tax for that period of time, and no new tax code was implemented.
In the process of looking to remorgage to cover buying back our interest in our property, my Husband sent in his tax return.
The tax man has now written back to us stating that a nil tax code should have been implemented, but as it wasnt, they are refunding the tax paid for the period July 2009 to April 2010 to him.
This sum has today gone into our bank account.
My question is, does this belong to us ?
From what I have read, the trustee should have claimed this in the IPA during the period of bankruptcy.
The amount re funded would help if we need to look for alternative housing, in the event we can not remorgage.
I need clarifaction on how we stand with this, as we DO NOT want to do anything wrong.
Thanks |
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debtinfo
forum expert
2826 Posts |
Posted - 04 April 2012 : 17:59:28
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| no the money should be paid to the trustee |
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dalgreen
Starting Member
22 Posts |
Posted - 04 April 2012 : 18:03:45
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quote:
Originally posted by debtinfo
no the money should be paid to the trustee
So should my husband inform them, or will the tax do so. Or do we leave it where it is untill they ask for it ?
Sorry, but I am very confused, I cant understand why it came to us in the first place if it belongs to the bankruptcy. |
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debtinfo
forum expert
2826 Posts |
Posted - 04 April 2012 : 18:27:49
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| he should let them know |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 04 April 2012 : 18:35:31
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Agree with Debtinfo. He should let them know.
Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe
Jan
xxx |
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dalgreen
Starting Member
22 Posts |
Posted - 04 April 2012 : 19:35:38
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Thanks for the help.
I have just emailed the trustee. |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 04 April 2012 : 19:47:29
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Hope you get on ok - let us know.
Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe
Jan
xxx |
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Topic |
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Tax Refund
