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Mortgage for Unprovable Income
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To the rest of you, I suggest you don't judge without knowing the facts, which I am not prepared to discuss on here.
You posted a vague story about your large savings pot and lack of submitting tax returns, so the automatic (and probably correct) assumption is that you are evading tax.
The facts are that you are earning enough money outside a payroll system to pay rent and household bills, and to save up for a deposit on a house, but you have not submitted tax returns.
Yes, I have made the assumption that you actually owe some tax, and that assumption is based on the rent/bills/savings that many full time workers struggle to achieve. Even if you don't make enough money to pay tax you still have an obligation to declare all of your income, which you have openly admitted that you haven't done, so you can't actually say with any certainty whether you do owe tax or not.0 -
All I can say is that most of you have made a lot of assumptions about my income that are on the most part wrong. I didn't come on here to be judged, yes I have made mistakes, and yes I am trying to sort them in my own way.
To those of you that have made helpful and relevant comments, Thank You it is much appreciated, I am probably in a better position than I thought from a proving my income point of view. Yes I probably have some things to sort with the HMRC, which will no doubt strength my case.
To the rest of you, I suggest you don't judge without knowing the facts, which I am not prepared to discuss on here.
Looking at your posts objectively, I think the comments are quite fair. We are commenting on what you wrote, not facts you are not prepared to disclose - as is your right. On a forum such as this, we are all subjected to the same 'judgement' - which is our right. Your last few posts in particular are the cause of the resulting feedback.0 -
Aww, he really didn't want to give up his JSA when he started his new business two years ago. I wonder if he has managed to "ease my way gently into supporting myself again"
https://forums.moneysavingexpert.com/discussion/comment/56895075#Comment_56895075
Sounds more to me like he's eased his way into a fat savings pot by continuing to claim JSA whilst earning a bit on the side.0 -
Sometimes to further ourselves, and further society itself we need to bend the rules, if entrepreneurs and inventors never bent the rules, we would still be in the stone ages.
Like hundreds of thousands of other people I run a successful small business and I play by the rules so what makes you special?.
From your posts so far your not special in any way so stop trying to get away with paying your share into the system.
Anyone with an ounce of common sense would have worked out you were always going to have a problem getting a mortgage..;)0 -
Op, the problem you have is that there is no paper trail for your cash so getting a mortgage now is out of the question
this is the problem with undeclared cash you cannot really use it to buy things like houses or big investments
like the folks have said an accountant will be able to advise you further
many people dont have the choice to pay tax or not if they are employees because the salary is taxed at source ie: gone before we see it that's why we are a little ticked off
Im not agreeing to evading tax because through tax we receive services and without it we would likely to be a third world country due to the fact we dont produce anything (gdp wise)
i would get on the phone to HMRC (the government- The Millionaire Cabinet by the way) and get the ball rolling and if they start to kick up a fuss - just remind them of the bleeding MP's that were claiming for everything under the sun including privately renting out their second homes.
talk about Morals they should look closer to home!!“People are caught up in an egotistic artificial rat race to display a false image to society. We want the biggest house, fanciest car, and we don't mind paying the sky high mortgage to put up that show. We sacrifice our biggest assets our health and time, We feel happy when we see people look up to us and see how successful we are”
Rat Race0 -
i would get on the phone to HMRC (the government- The Millionaire Cabinet by the way) and get the ball rolling and if they start to kick up a fuss - just remind them of the bleeding MP's that were claiming for everything under the sun including privately renting out their second homes.
talk about Morales they should look closer to home!!
Thats a discussion for another day ......... Two wrongs don't make a right. All the Governments we have ever had have been crooked , thats one of the prices we pay for having a so called democracy....
Who is morales?..........
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leveller2911 wrote: »
Who is morales?..........
Morales is the problemo!:D0 -
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They will want to see the contents of his missing drawers too, when TSHTF - muy rapidamente!0
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