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    • They have defended the claim by saying that the job was of unsatisfactory standard and they had to call another carpenter to remedy. My husband has text messages about them losing the keys a second time and also an email. What do they hope to achieve??? Most importantly,  as far as I have seen online, now I need to wait for paperwork from the court, correct?
    • The Notice to Hirer does not comply with the protection of Freedoms Act 2012 Schedule  4 . This is before I ask if Europarks have sent you a copy of the PCN they sent to Arval along with a copy of the hire agreement et. if they haven't done that either you are totally in the clear and have nothing to worry about and nothing to pay. The PCN they have sent you is supposed to be paid by you according to the Act within 21 days. The chucklebuts have stated 28 days which is the time that motorists have to pay. Such a basic and simple thing . The Act came out in 2012 and still they cannot get it right which is very good news for you. Sadly there is no point in telling them- they won't accept it because they lose their chance to make any money out of you. they are hoping that by writing to you demanding money plus sending in their  unregulated debt collectors and sixth rate solicitors that you might be so frightened as to pay them money so that you can sleep at night. Don't be surprised if some of their letters are done in coloured crayons-that's the sort of  level of people you will be dealing with. Makes great bedding for the rabbits though. Euro tend not to be that litigious but while you can safely ignore the debt collectors just keep an eye out for a possible Letter of Claim. They are pretty rare but musn't be ignored. Let us know so that you can send a suitably snotty letter to them showing that you are not afraid of them and are happy to go to Court as you like winning.  
    • They did reply to my defence stating it would fail and enclosed copies of NOA, DN Term letter and account statements. All copies of T&C's that could be reconstructions and the IP address on there resolves to the town where MBNA offices are, not my location
    • Here are 7 of our top tips to help you connect with young people who have left school or otherwise disengaged.View the full article
    • My defence was standard no paperwork:   1.The Defendant contends that the particulars of claim are generic in nature. The Defendant accordingly sets out its case below and relies on CPR r 16.5 (3) in relation to any particular allegation to which a specific response has not been made. 2. Paragraph 1 is noted. The Defendant has had a contractual relationship with MBNA Limited in the past. The Defendant does not recognise the reference number provided by the claimant within its particulars and has sought verification from the claimant who is yet to comply with requests for further information. 3. Paragraph 2 is denied. The Defendant maintains that a default notice was never received. The Claimant is put to strict proof to that a default notice was issued by MBNA Limited and received by the Defendant. 4. Paragraph 3 is denied. The Defendant is unaware of any legal assignment or Notice of Assignment allegedly served from either the Claimant or MBNA Limited. 5. On the 02/01/2023 the Defendant requested information pertaining to this claim by way of a CCA 1974 Section 78 request. The claimant is yet to respond to this request. On the 19/05/2023 a CPR 31.14 request was sent to Kearns who is yet to respond. To date, 02/06/2023, no documentation has been received. The claimant remains in default of my section 78 request. 6. It is therefore denied with regards to the Defendant owing any monies to the Claimant, the Claimant has failed to provide any evidence of proof of assignment being sent/ agreement/ balance/ breach or termination requested by CPR 31.14, therefore the Claimant is put to strict proof to: (a) show how the Defendant entered into an agreement; and (b) show and evidence the nature of breach and service of a default notice pursuant to Section 87(1) CCA1974 (c) show how the claimant has reached the amount claimed for; and (d) show how the Claimant has the legal right, either under statute or equity to issue a claim; 7. As per Civil Procedure Rule 16.5(4), it is expected that the Claimant prove the allegation that the money is owed. 8. On the alternative, as the Claimant is an assignee of a debt, it is denied that the Claimant has the right to lay a claim due to contraventions of Section 136 of the Law of Property Act and Section 82A of the consumer credit Act 1974. 9. By reasons of the facts and matters set out above, it is denied that the Claimant is entitled to the relief claimed or any relief.
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    • We have finally managed to obtain the transcript of this case.

      The judge's reasoning is very useful and will certainly be helpful in any other cases relating to third-party rights where the customer has contracted with the courier company by using a broker.
      This is generally speaking the problem with using PackLink who are domiciled in Spain and very conveniently out of reach of the British justice system.

      Frankly I don't think that is any accident.

      One of the points that the judge made was that the customers contract with the broker specifically refers to the courier – and it is clear that the courier knows that they are acting for a third party. There is no need to name the third party. They just have to be recognisably part of a class of person – such as a sender or a recipient of the parcel.

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      OT APPROVED, 365MC637, FAROOQ, EVRi, 12.07.23 (BRENT) - J v4.pdf
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Santander don't like savers much


Jim Davis
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I advised him to invest the money in property.

Meanwhile he will get some interest on the money sat in his savings account.

.........

Are there any tax liabilities for transferring the money to my son?

I hope not.

 

If you've taken financial advice, you'd know the CGT and income tax ramifications of:

Transferring the money, your son gaining interest on the money in a savings account, as well as the income tax and CGT liability from investing the money in property.

 

If you have transferred the money without taking financial advice: Oops.

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OP, you really should be taking some professional advice to help you with your plans. Lots of questions will be raised. It may cost you for an initial meeting (although a lot will do it for free) but would be worth it in the long run.

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To my house sale conveyancing solicitor I provided my paper driving licence,

 

You can exchange your paper-only driving licence for the photo card one, free of charge.

 

http://www.telegraph.co.uk/finance/personalfinance/11028839/Driving-licence-changes-what-do-paper-licence-holders-need-to-know.html

 

(You'll have to renew the photo card at least every 10 years though : current cost for renewal £20, though they do the initial exchange free.)

Since you'll need both a counter-signed photo, and to be exempted from the fee for a photocard replacement you'd have to do this by post rather than the online service.

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OP, you really should be taking some professional advice to help you with your plans. Lots of questions will be raised. It may cost you for an initial meeting (although a lot will do it for free) but would be worth it in the long run.

 

OP has been so advised, a number of times.

 

My perception is the OP likes to let situations develop they can then grumble about (financial advice, interest rates on savings, photo ID, interest rates on borrowing), instead of taking action to help themselves.

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My money is now in my Son's bank account. Nobody has complained or sent him or me

any kind of tax demand.

 

Why should anyone complain?.

 

The lack of a tax demand doesn't mean he won't be liable to pay the relevant tax, when it becomes due.

 

It isn't HMRC's responsibility to ensure he declares taxable income, it remains his responsibility to do so - even if they don't send him a notification that they want him to submit a tax return, or a 'tax demand'.

 

How much (if anything) he'll owe will be influenced by how much he invests, and how much he saves, and the income he gets from both.

 

For savings, tax depends on his Personal Savings Allowance (which itself depends on if he is a basic, higher, or additional rate tax payer), and how much interest he gets (which is no longer paid with basic rate tax already deducted).

https://www.gov.uk/apply-tax-free-interest-on-savings/how-much-tax-you-pay

 

Investment income is also taxable, and doesn't attract Personal Savings Allowance.

 

Have you told him he may now have to pay more tax?, and submit a tax return? (even if he didn't have to previously.........)

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OK Bazza so you are implying that I shouldn't invest in property but take advice from some

financial adviser. I think you are talking out of your a**. My first house cost me £7,300 and I sold

my last house for £250,000. Please explain why you think such an investment is so poor.

Edited by Andyorch
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OK Bazza so you are implying that I shouldn't invest in property but take advice from some

financial adviser. I think you are talking out of your a**. My first house cost me £7,300 and I sold

my last house for £250,000. Please explain why you think such an investment is so poor.

 

Where have I said you shouldn't invest in property?

 

It MIGHT be ideal for you, (although doing so through your son may have added a layer of complexity.....)

It might not be ideal ..... reasons why it might not be ideal include:

 

Does it fit with your desired outcomes? (are you looking for income? or capital growth of your portfolio?)

Are you looking for quick access to your funds (property can often be difficult to convert to liquid assets without paying a premium to do so)

Are you looking for a long or short term investment? (property is more suited to long-term ... short term, what if there is another 'property price crash'?)

 

Tax : property as a capital growth investment (rather than for a main residence) attracts CGT.

Property (to generate rental income) attracts income tax on rental income.

You have evaded answering about you and your son's new tax obligations....... have you reminded him of the obligations he is taking on?.

 

Moving to why "I think such an investment is poor" (which I never actually said, but lets look at if it is poor or not....)

Your first house cost you £7,300 in year and your new house (aproximately!) £100,000 in 2017.

How much is £7,300 in year when adjusted for the 'time value of money'? as you can't directly compare £7,300 years ago with £100,000 today ......

 

Also, are you comparing a house of the same size with a house of the same size?? You've downsized.

You need to be comparing a house of the same size / location / upkeep as your £100k house, and find the purchase price of that house in year . Factor in payments made on upkeep over the years, too.

 

Then compare that cost with the £7,300 you paid back then, adjust that difference for (the time value of money / inflation / FTSE 100 / cost of Mars bars / whatever you feel is the best way to compare like with like across many years.....) to give a present day sum, and compare that with the £150,000 you were left as proceeds of sale ......

 

That may show THAT HOUSE was 'a good investment' (with the benefit of hindsight), but that doesn't mean property is still a good investment for you, in the future....

 

For example, you didn't have to pay CGT (if it was a main residence). So, you can't imply that doing the same on non-"main residence" is as good a deal, as you need to factor in CGT.

 

You have said "I'm talking out of my a**".If you are being so superficial as to say "£7,300 has become £250,000 so that must be a good investment", without looking at the effects of inflation, how other investments have performed, and the effects of you downsizing, then I doubt that is an assessment you can reliably make, even before considering CGT on investment property, income tax on rental income, and if property is a good fit for

 

a) your desired level of risk and

b) your desired level of access to the money invested

 

Ohh, and I'm not a financial adviser (independent or 'tied'), Yes, an IFA might cost you a little, but not involving an IFA may end up costing you a lot .....

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