Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
We have this morning received a letter from HSBS agreeing to repay £1,756. :grin::grin::grin:
The total includes PPI, early settlement charges and interest for two loans.
Whilst we am delighted with the outcome, the letter states:
'You should note that this offer includes an element of gross interest amounting to £542.38. Subject to your personal tax status, this may be taxable and should be included in your tax return.'
Could someone please advise as to where we stand on the tax issue?
The account was in hubbys name and he is a basic rate tax payer with under £100 in savings in his own name. (Our saving are in my name, as I'm not currently earning.)
HSBC Succes - Tax on interest offered?
:grin::grin::grin:
, early settlement charges and interest
.)
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