We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Bankruptcy and Tax Credits - help needed

I am a bit confused as to what to put on TC claim form.
My husband had his own business until August 2009 when he was declared bankrupt. No accounts have been prepared for the year to 5th April 2009 or indeed up to date of bankruptcy. I have spoken to the Trustees who are dealing with the bankruptcy and they have told me that there would be no profit for this year even though they have not asked for books and records as they say they won't be preparing accounts. The form asks what his income was for the year ended 5th April 2009. Can I fill this in as nil and put in an additional note reference bankruptcy?

Comments

  • might be worth you posting this question on the bankrupcy forum.
  • leemack
    leemack Posts: 214 Forumite
    you can put it in as nil, there should be a box further on the form that asks if the amount is estimated and you can then tick this box - it lets hmrc know you don't have exact figures.
  • Thanks woodbine and leemack for your replies. I posted on the BR forum as well and have been told that any profits belong to the Trustees. So i guess I just fill in the box as NIL and put in a note of explanation. Thanks again for your help.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.