AccountingWEB are the latest to delete evidence

AccountingWEB are the latest to delete evidence

1:18 AM, 20th October 2023, About 6 months ago

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Following the article I published yesterday there have been more strange goings on. This time it’s the deletion of discussion threads on the AccountingWEB website dating back to 2018.

The evidence was available up until 19th October 2023 via this link https://www.accountingweb.co.uk/any-answers/esc-d32-what-does-liabilities-tak which has now been deleted.

The email I received from a Property118 Member last night said …

“I found a link that supports what you said about the way in which the incorporation relief will be safe and that it is achieved by a deed of trust.  It is from 2018 and far from being mortgage fraud you could jeopardize your  CGT roll over if you didn’t do it your way. The tax experts seem to forget that you have to consider tax and legal requirements. Of course DN is an expert in both and got this spectacularly wrong. I will let you tell him!”

AccountingWEB was one of the first to adopt Dan Neidle’s sophistry which has cast doubt among landlords and the mortgage industry about the efficacy of incorporation of property rental businesses. Consequently, we feel the time has come to share yet more screenshots of the HMRC manuals, all of which are linked directly to the HMRC website.

Unfortunately, the deleted page had never been crawled by Wayback Machine, but the good news is that an extremely vigilant Property118 Member managed to capture screenshots before it was too late. This discussion thread was still live just hours before these screenshots were taken yesterday.

If you missed my article yesterday,  you can read it HERE.

How deep does this go?

Dan Neidle’s article was commented on in a separate article published in Accounting WEB by their Editor – LINK HERE. That page is still live (currently) and includes comments from AccountingWEB members that are supportive of our position. We do not know the advisers making those comments, but we have looked them up on Google and they appear to be very credible, the first being dual-qualified as both a solicitor and Chartered Tax Adviser.

Below are the screenshots from the deleted discussion thread and below are the HMRC manuals which are supportive of our position.

 

Recent history in the landlord tax planning sector has imparted a vital lesson: when it comes to your tax adviser, it’s imperative to insist that they guide you toward HMRC’s invaluable manuals and that you scrutinise them with great care. The organisations promoting the Hybrid LLP scheme, which ultimately drew HMRC’s attention with Spotlight 63, boasted professionals adorned with a plethora of qualifications, some of whom seemingly had more letters following their names than in their names. However, these credentials and expensive offices proved meaningless to their unsuspecting victims.

Moreover, any guidance provided by Property118 is first triaged before it is meticulously linked to the pertinent HMRC manuals. It then undergoes a separate rigorous and independent review by a barrister-at-law before any formal advice is dispensed. This Barrister then assumes personal responsibility for advice and its execution. Advice is always bespoke, there is no “scheme”.

TESTIMONIALS – LINK

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