Dearbigduckontax, The properties were seized by a bank during recession period of 2010-2011. In the year of year of seizure of his his properties, some rental income was received for a part of year. For the remainder period of the year 2011, he is suing the bank for loss of revenue and the corresponding profits he would have made, had those properties not been zeized. The question arises as he has not submitted accounts for the years, 2011, 2012, 2013 and 2014 is that should he file his accounts for the year 2011 as under:- 1. Revenue-rental income received in year 2011 and the rental income lost durint the year 2011. 2. Show all other revenue expenses as if the properties were a going concern. 3. More or less what he is claiming from the bank : Sales-Rental Income......... Expenses: Admin costs all relevant expenses. Gross Profit..... Less....... Tax Profit for the year. Should he adopt this policty for the rest of the years. If he does, would HMRC allow him to adjust his account going back as far as back as 2011. In case HMRC does not allow then he losses monies for the tax for accruals sales. Await your response, Wtih Regards, ***** ***** XXXXX
I need help in preparing some docuyments relating to cash-flow and proving a fact that because of lack of cash flow, we lost an opportunity in vesting in future projects and thus the profits. Please tell me how to attach those documents with a questionair for your good self to look at those questions.
Await your reply.
Mohan X XXXXX
I am not going to and/or ask for a free lunch. Of course, I will pay and is not all my intention to have a free ride. What I asked is how can I send you documents which you need to go through before you would be able to answer my question. As for future, please don't worry about your money. If your good self can resolve to my satisfaction, you shall be paid over the top.
Especially it applies to this problem.
You are asking the wrong professional. This is really a matter for your solicitor who would pursue the action for you or alternatively make a settlement.
Just Answer protocol does not permit me to acr=t professionally outside the envelope.
Thanks and I will be in touch when again I need your help.
Thanks once, again,