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• # 78498
• Thu 19 Jan 2012 09:49 AM

Hello everyone.
Im still relitivly new to this and I have come accross something I am not too sure about.


I have a client who has left it untill the last minuet to do this year tax return for period April 10-Aril 11.
He was made bankrupt in June 2010. 
Am I to only assume that I only need to worrie about his earnings from June 2010 to April 2011 as anything before June 2010 is wiped out by the bankruptsy order?   


Any help with regard to this matter would be most welcome.

Many Thanks       

• Aaron Lilley
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• # 78574
• Fri 20 Jan 2012 04:29 PM

Debts that arise after the date of the bankruptcy order are outside the bankruptcy.

You will need to include the earnings for the entire tax year or basis period to work out the tax liability for the year.  Some of this tax may possibly have been due for payment in January and July 2011 and the rest is due at the end of this month.

If you're in any doubt, I suggest you consult the Trustee in Bamkruptcy.

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• # 78575
• Fri 20 Jan 2012 04:29 PM

Debts that arise after the date of the bankruptcy order are outside the bankruptcy.

You will need to include the earnings for the entire tax year or basis period to work out the tax liability for the year.  Some of this tax may possibly have been due for payment in January and July 2011 and the rest is due at the end of this month.

If you're in any doubt, I suggest you consult the Trustee in Bamkruptcy.

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• # 78611
• Sat 21 Jan 2012 05:02 PM

Jonathan Asaid:

“Debts that arise after the date of the bankruptcy order are outside the bankruptcy.

You will need to include the earnings for the entire tax year or basis period to work out the tax liability for the year.  Some of this tax may possibly have been due for payment in January and July 2011 and the rest is due at the end of this month.

If you're in any doubt, I suggest you consult the Trustee in Bamkruptcy.”

• Aaron Lilley
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  Quote