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bigduckontax
bigduckontax, Accountant
Category: Tax
Satisfied Customers: 4208
Experience:  FCCA FCMA CGMA ACIS
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Our business bank forced the winding up of the company which

Customer Question

Our business bank forced the winding up of the company which I was a director of. The business had substantial debt to the tune of £1,2000,000. Following a number of appearances in front of a Judge in chambers we ended up in arbitration and negotiated a payment of £25,000 each (there were 3 directors) for the bank not to enforce the sale of our properties and subsequent bankruptcy. Is it possible to claim any of this back as a tax rebate?
Submitted: 3 years ago.
Category: Tax
Expert:  bigduckontax replied 3 years ago.
Hello, I'm Keith and happy to help you with your question.

You will not like my news for it is simply 'No.'

Sorry to be the bearer of such bad tidings.
bigduckontax and other Tax Specialists are ready to help you
Expert:  bigduckontax replied 3 years ago.
Thank you for your support.