| Author |
 Topic  |
|
|
confused1
Starting Member
United Kingdom
2 Posts |
 Posted - 14 August 2012 : 14:48:06
|
| Hi I am being investigated by HMRC for unpaid income tax to a total of over £90,000 . I dispute this and am appealling as it was my estranged wifes earnings which I now suspect she failed to declare. I have no proof though as it was mainly cash into my bank account over a four year period . Its a very messy divorce so I won`t be able to have her verify that it was her earnings especially as she has clearly failed to pay tax on it as HMRC are still expecting me to pay . If I am still liable for the tax I have no option but to file for bankruptcy .What I need to know is if I am living with someone (new partner) renting together how does the OR view them and their income . I am assuming I would be allowed to contribute towards the joint living costs ie rent , food , car etc as they are unemployed at present .Would the OR deem it reasonable for us to be renting a two bedroom flat together or a house ?If I was solely paying the rent on a two bedroom house or flat living with someone would OR allow me to continue paying that amount once Bankrupt if I was living with someone .Would OR allow me to continue renting two bedroom place if living alone ?. My partner is worried what financial implications they are for her if we are living together if I am Bankrupt . ie are her earnings taken into account or any income she receives ie benefits if she is unemployed etc . Also can the OR or HMRC look into her finances if we are financially linked if renting together and running a car together etc . Would it be better for her for us to renting seperately and not living together ? |
|
|
Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 14 August 2012 : 15:07:01
|
Hi confused1, welcome to the forum.
You don't need to live seperately if you declare bankruptcy.
I presume she is claiming benefits whilst she is unemployed so you will state that on your statement of affairs and then you put all the household expenditure down. If she gets a job, then you will need to inform the OR, only to show that she has a bit more to contribute to the household bills.
If you own the car, how much is it worth? and what do you use it for?
Please make sure you speak to an expert for advice.
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp |
 |
|
|
Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 14 August 2012 : 15:12:08
|
....and to answer your question regarding the property you are living in, it depends on the rent you are paying. If a single lady with no kids is renting a 5 bedroom house/flat for way more than a 1 or 2 bed house/flat in the area then the OR won't allow all of the rental payment in her expenditure. It's all based on personal circumstances, family needs etc.
How much are you paying for rent?
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp |
|
|
|
confused1
Starting Member
United Kingdom
2 Posts |
Posted - 14 August 2012 : 16:18:18
|
Hi Viki,
The car is owned by her I am at present just helping with the running costs.I don`t own a car myself . I am retired on an occupational monthly pension . That is my sole income .I am paying £750 a month rent on a two bedroom house. Would that be reasonable to the OR ? Appreciate your replies so far .Thank youquote:
Originally posted by Viki.W
Hi confused1, welcome to the forum.
You don't need to live seperately if you declare bankruptcy.
I presume she is claiming benefits whilst she is unemployed so you will state that on your statement of affairs and then you put all the household expenditure down. If she gets a job, then you will need to inform the OR, only to show that she has a bit more to contribute to the household bills.
If you own the car, how much is it worth? and what do you use it for?
Please make sure you speak to an expert for advice.
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
|
|
|
|
Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 14 August 2012 : 20:45:01
|
Hi confused1,
I don't know where in the country you are, but that seems reasonable rent to me.
If you can't prove the need for a car, then the OR may not allow your contribution towards the car costs.
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp |
|
|
|
Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 15 August 2012 : 14:49:46
|
I agree with Viki that your rent seems reasonable.
View my blog at http://skippy13.blogs.iva.co.uk/
The more I have to do with humans the more I think that the world would be a better place if it was run by animals.
Last IPA payment made on 28th June 2010 and I'm now looking forward to getting married in September 2012 - I'm proof that you can go BR and come out the other side. |
|
|
| |
Topic |
|
Hi I am being investigated by HMRC for unpaid income tax
