A very long, despairing post

Gingernutty

Gingernutty wrote: »

Thanks.

[STRIKE]The plan is let the cheque clear.[/STRIKE] - DONE

[STRIKE]Pay off current mortgage.[/STRIKE] - DONE

[STRIKE]Keep up with the routine for a while.[/STRIKE] - Not for too long though

Resign from one or both jobs after a decent interval. - In progress

Sort out a place to live temporarily.

Move out and start sorting out the hovel I call home.

Get it sorted out - keeping a beady eye on the works as much as possible.

Move back in.

Buy a nice house, somewhere nice, with nice neighbours and good transport links.

Sell house that is currently hovel.

Move into nice house.

Well it's a plan.

Mortgage paid. :beer:

I am currently trying to compose a letter of resignation for the evening lab job - I'm heart sick at having to do it, but I can't keep going with the two jobs and trying to work on the house.

paigesaunt

What a lovely ending, exciting times ahead for you.

Enjoy your life as your parents intended

Best wishes

RAS

Gingernutty wrote: »

I can't keep going with the two jobs and trying to work on the house.

That is really all you need to say?

Glad thingsd are starting to work out.

Gingernutty

There will be another 'brief' pause as HMRC stick their humungous oar in again.

Having dealt with the solicitors all this time, HMRC (Trusts and Estates) have now decided that they do not have the authorisation to deal with the solicitors and have sent the latest bundle of paperwork to me.

A mindbendingly complex form in two parts and an authorisation form for me to fill in and sign.

So I filled the authorisation form in to the best of my ability, popped it all into an envelope and posted it off to the solicitor.

They should get it tomorrow.

This is after the solicitor said that all this should be sorted by the end of last month.

Yeah, right.

Thanks HMRC!

Morglin

Gingernutty wrote: »

Yes



Yes. I have the letter, I've also warned the bank (last November.....) that there would be a large sum of money coming in but they told me, that although they could make a note of it against my file, huge sums of money suddenly landing in an account will activate the "OH MY GOD!! :eek: SUSPICIOUS ACTIVITY!!! :eek: PANIC STATIONS!!!!!!!" automatic response.

A cheque, personally presented with credentials and ID will prevent that.

I received a large inheritance by CHAPS transfer, and the bank weren't concerned, just suggested that we take some financial advice, re investing it, which we did.

I gave my kids a large cheque each, and just wrote them a letter with my details and the solicitors details on if the banks wanted to check.

Banks are usually ok, providing they gave some sort of verification, or it comes via CHAPS, as that gives details of sender.

Lin

Morglin

Gingernutty wrote: »

There will be another 'brief' pause as HMRC stick their humungous oar in again.

Having dealt with the solicitors all this time, HMRC (Trusts and Estates) have now decided that they do not have the authorisation to deal with the solicitors and have sent the latest bundle of paperwork to me.

A mindbendingly complex form in two parts and an authorisation form for me to fill in and sign.

So I filled it in to the best of my ability, popped it all into an envelope and posted it off to the solicitor.

They should get it tomorrow.

This is after the solicitor said that all this should be sorted by the end of last month.

Yeah, right.

Thanks HMRC!

When my uncle's estate was being settled, I had to sign off a breathtakingly large amount of IHT.

Just got over that shock, and the Revenue wanted another huge amount!:eek:

The solicitor/executor suggested we employ a tax barrister to go through it (at£1500 per hour!), which I did, as the further amount demanded by HMRC was so large.

Something to do with offshore and onshore liabilities, plus the sake of his business.

Anyway, the tax barrister managed to get the second demand squashed, so he was worth the cost in the end.:T

I don't mind IHT, but I was startled at the vast amounts being demanded, by the Revenue and, of course, with that, other professional fees..

Anyway, enjoy your inheritance!

Lin

duchy

Congratulations

I'm currently struggling with how much work to do on my hovel before selling -and at which point the work becomes uneconomic versus making the property attractive to buyers. Tis a tough call . Hope you've booked yourself a nice break away or at least a spa day as a reward for wading though all the hassle.

Gingernutty

Morglin wrote: »

When my uncle's estate was being settled, I had to sign off a breathtakingly large amount of IHT.

Just got over that shock, and the Revenue wanted another huge amount!:eek:

The solicitor/executor suggested we employ a tax barrister to go through it (at£1500 per hour!), which I did, as the further amount demanded by HMRC was so large.

Something to do with offshore and onshore liabilities, plus the sake of his business.

Anyway, the tax barrister managed to get the second demand squashed, so he was worth the cost in the end.:T

I don't mind IHT, but I was startled at the vast amounts being demanded, by the Revenue and, of course, with that, other professional fees..

Anyway, enjoy your inheritance!

Lin

The solicitor has already passed on the IHT and a thumping lump in CGT, I can't understand what the HMRC want now.

After almost two years and thousands of pounds, HMRC reckon they don't have the authorisation to deal with the solicitors (our representatives) and seem to be angling for more money.

!!!!!!?? :huh:

Gingernutty

I wrote a quick email to the solicitor asking about progress and was told that there was no progress as I hadn't put my NINo or Unique Taxpayer Number on the consent form.

I had to ask and be told over a month after I submitted the original form.

I'm wondering how long they would have left it if I hadn't asked.

Still, they've got hundreds of thousands of ££££s sitting in their accounts, why should they hurry up? :mad:

Crabapple

They should have told you as soon as they found out, yes. HMRC though are not exactly swift at dealing with problems. Or indeed many things!

If you're talking about the money the solicitors are holding, any interest earned on it has to be distributed to you and the other beneficiaries as well, so they aren't benefitting from it. Might not be much of a comfort but at least you get your money plus some interest when things are finally agreed.

Well done on getting things sorted out, it's been a long and complicated road for you but glad to hear you are able to sort your own life out and will benefit from the money your father left.