The tax was supposedly paid without any consultation with me on a property I owned. I have never received any official confirmation of payment to the tax authority.
In 1986 I invested in a Bond which was centred around the property in question - which was sold in 1988. At this time I am trying to regain the proceeds of the investments.. The company (Albany Life Assurance of Potters Bar Hertfordshire) are telling me they have lost my files regarding my investments other than stating payment of Capital Gains were paid with no documents to prove this.
Thanks.That's a very strange set of circumstances.Without the Albany file which might have the details of any CGT paid and relevant reference numbers I really think you are going to struggle to get that information from HMRC and even if the Albany file was available, HMRC will have either destroyed paper records that far back or they will be lost in an archive facility somewhere and, given all the changes that HMRC have gone through in the last 20 years, I doubt that anybody at HMRC will have the records of what is there.If you are in dispute with Albany, then your lawyers should be concentrating on getting you compensation for any loss you feel you have suffered. I doubt that HMRC can type an address into their database to see if any CGT has been paid on it as all they assess are gains, not assets. The tax liability is not linked to an asset directly.If a tax payment is mis-allocated, it can be difficult to locate but without a payment reference and given the time that has passed, I think you are going to be struggling to get anything useful from HMRC as far back as the late 1980s even if CGT was assessed on you without your knowledge. If it was assessed on Albany, then it will be virtually impossible for you get anything from HMRC.I'm sorry to have to give you little to go on but unless the Albany file turns up, I really think you are not going to find out if any CGT was paid in the late 1980's.Let me know if you have any further questions.
Thank you for your candid reply, from which it would appear the answer regarding payment must come from Albany.
Could you put forward a question or questions for Albany to answer? Putting the onus on them to show proof of payment?
There is no magic question I could come up with. I would certainly need much more information as to the sequence of events before I decided how to act.I guess it depends how much money you want to throw at this and how much is at stake. If Albany say CGT was paid, I would ask them how they can be sure in the absence of their file. Depending on their answer, I would then consider instructing lawyers to get a court order which tells Albany to give you access to paper and computer records and/or to haul a high ranking company official into court where he or she will be at risk of a perjury charge if he or she doesn't answer truthfully any questions you may have on this matter.My ultimate goal would be to get Albany to make a financial offer that I would be happy with. If you haven't done so, you should write to HMRC's head office in central London, explain your predicament and ask if there is anything that HMRC can do.
I am sorry for the late reply. I have been out of the country on business. I will complete your performance chart. I do have a further question. How much Capital gains Tax would have been paid on £300,000 in 1988?