April 5 2021 deadline? (BM)

buzzablinio

Posts: 53
Likes: 35

April 5 2021 deadline? (BM) Jul 8, 2020 8:14:36 GMT

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Post by buzzablinio on Jul 8, 2020 8:14:36 GMT

Hi, regarding the statement in your last email quoted below;

"Important: Please note that we expect to complete the unwind during the 2020-21 tax year, and at this stage we cannot be certain we will be available to process Annual Tax Statements in April 2021"

Does this mean you will have returned all recoverable capital and accrued interest by April 5th 2021?

Curious and concerned as circa 45% of my portfolio is still to be returned / written off.

Regards

Last Edit: Jul 15, 2020 16:49:21 GMT by Ton ⓉⓞⓃ: To add "BM" to the title

keystone Member of DD Central Posts: 718 Likes: 587	April 5 2021 deadline? (BM) Jul 8, 2020 11:20:22 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by keystone on Jul 8, 2020 11:20:22 GMT .
	Last Edit: Jan 11, 2022 2:20:24 GMT by keystone

pom
Member of DD Central

Posts: 1,922

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April 5 2021 deadline? (BM) Jul 15, 2020 8:05:25 GMT

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Post by pom on Jul 15, 2020 8:05:25 GMT

Jul 8, 2020 11:20:22 GMT keystone said:

No, I think it means like Moneything they will cease operations and hand over recoveries to administrators. No more hassle's for them, and higher costs for lenders but lenders are use to this model now.

I think you're confusing your platforms - MT are not in admin

Not so impressed about the line on tax statements tho (which I missed previously). If they manage to wind things up early, just do the tax statements early, as a couple of my platforms have done.

stevefindlay
Representative of BondMason

Posts: 700

Likes: 973

April 5 2021 deadline? (BM) Jul 17, 2020 16:38:46 GMT via mobile

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Post by stevefindlay on Jul 17, 2020 16:38:46 GMT

I've just picked this up - I no longer regularly check this forum. Please email us if you have any urgent questions.

The reason for the comment on 2020/21 tax statements, is merely to ensure people have their records in order. If the loan book is fully reapid before then, we may, or may not, be around to provide tax statements in May/June 2021.

FWIW - We intend to see the wind down through until the very end - as per the other comment - we do not intend to hand over to administrators as we are concerned about the negative impact this could have on clients holdings.

The views expressed in this forum are personal and may not be representative of BondMason Group Ltd or its affiliated entities. For details of the BondMason service including terms and conditions please refer to www.bondmason.com

Please send any questions to invest@bondmason.com

stevefindlay Representative of BondMason Posts: 700 Likes: 973	April 5 2021 deadline? (BM) Apr 13, 2021 11:46:20 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by stevefindlay on Apr 13, 2021 11:46:20 GMT Tax statements for 2020-21 are now available at www.bondmasoncore.com
	The views expressed in this forum are personal and may not be representative of BondMason Group Ltd or its affiliated entities. For details of the BondMason service including terms and conditions please refer to www.bondmason.com Please send any questions to invest@bondmason.com

Post by buzzablinio on Jul 8, 2020 8:14:36 GMT

Post by keystone on Jul 8, 2020 11:20:22 GMT

Post by pom on Jul 15, 2020 8:05:25 GMT

Post by stevefindlay on Jul 17, 2020 16:38:46 GMT

Post by stevefindlay on Apr 13, 2021 11:46:20 GMT