Hello again We went BR last week and I am very worried about an asset I listed on the SOA form. I put its value at £100 which was about right. It's a tool for my work (self employed). But there was a 3 week wait from submitting the forms and swearing that everything was correct and seeing the judge. During that time someone offered me £180 for the item and I sold it to them because it was too heavy to take with us when we move abroad. Am I in trouble? I'm going to explain to the OR when I send the bank statements etc in. I'm really worried now. Am I in for a BRU?? What should I have done - it would have to have been sold anyway. I also needed the money to get some work boots and other small tools that I needed to replace as they were worn out.
I doubt if you would be in big trouble. As you said you will explain that you needed the money for other work items. The OR may well ask exactly what you spent it on and also if there is any left, i don think they will try and get the full amount back but im not sure. Anyhow one of the other experts will be along soon and can then def tell yu what is what. As i dont want to give misleading info. Take care
Jo x Mother Hen
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Hi if it were me and I had substituted one tool of trade with other items necessary for work then i wouldn't bother mentioning it, but that's just me. If you would prefer to explain the sale even if the examiner does not mention this particular tool go ahead.I very much doubt there will be a problem and you certainly wouldn't get a BRU because of this issue.
Am I in big trouble???
Posted - 04 October 2008 : 17:28:10
