Sadly this guy has over 100,000 followers on Tik Tok and his diary is booked up for months on end with people who are keen to listen to his ‘advice’ about the right trusts to protect their home. If you scroll through his videos there are loads of inaccuracies. He has also been invited to speak at a number of legal events to talk about the success of his marketing strategies.
CTT is the Countrywide Tax and Trust Corporation used to be headed by the late Clive Ponder. There are a number of TEPs in their management team.
I have made 3 successive reports to HMRC, adding info from successive comments as posted on this thread. They warn that they cannot provide a running or any other commentary on what action if any they may or not be taking, which I feel is right, but I have not reported anonymously. I have to say that HMG and HMRC have never acknowledged that I have ever been right about anything I dared to challenge without later vindication by the FTT, UT, or the Court. There’s none so deaf…..I
I just hope that these contacts of mine and those of others are not just filed in the Government issue WPB where the NCA file 99% of SARs.
The most wicked thing about advising that spouses should put their main residence interest into a lifetime trust is that, especially where it is the main or very significant family asset, doing nothing is likely to be optimum from a tax viewpoint given spouse exemption, NRB, TNRB, RNRB and TRNRB and PPRR for CGT.
If the survivor is given by the Will of the first to die an IPDI in the deceased’s whole estate, it will be technically beyond reach of the Care Fees Police. The snag with such planning is that relatives may actually wish to use such funds to pay for care.
Sophisticated ruses designed to checkmate the spendthrift DEI
-fixated local authority, which cannot afford to empty your bins, is unlikely to definitively prevent forced acceptance of a deferral agreement or a sale of the house once no one can any longer justify preventing it (after it has ceased to be the home of a protected occupier).
I think that these misconceived trust devices merit a Spotlight bulletin and a social media/press release by HMRC as they are just as obnoxious and offensive as non-repayable loans to employees instead of taxable remuneration, though without the spectre of the floodgates monster hiding in the wardrobe of every Tax Officer.
As far as the gullible 100,000 followers of this cynical organisation are concerned I am reminded of the graphic exhortation: “Eat [excrement]! 100 billion flies can’t be wrong”.
I think I’m correct in saying that somewhere along the line you also reported this [ correctly in my view as at least he usually gets to grips with situations such as this ] to Dan Nieidle at
Tax Policy Associates.
Did you get a response from Dan ?
Given what is being said about the numbers of his gullible followers on Tik Tok and what is being chargedI’m also of the view that further coverage and hopefully some concrete action is needed.
Andrew - retired trust tax consultant with an international firm of accountants and TEP up to retirement
Don’t you think it’s time that we stood up to these lifetime trust cowboys? I’m starting to do that through my own TikTok account - That Wills Lady.
For the past week I’ve posted daily on a different reason why lifetime trusts for the family home are not a good idea. One of my posts about deprivation of capital got 86,000 views! I’ve had a few anonymous nasty comments (from these cowboys obviously) and I’ve received ten “no caller ID” calls per day for the last three days. I’ve not answered but I will answer the next one and ask my partner to record. I’m sure they are something to do with my posts - they don’t like me spoiling the party!
My most recent post concerns IHT charges on Life Time Trusts and only today this Asset Protection Guy commented on my post saying this very same thing- that his trusts avoid all IHT charges blah blah blah.
I think we have a moral duty to stand up to these guys. For the victims of McClure scandal, Universal Wealth and Philips and for the general public!
I have also made successive updates to Dan via his website, with links to this thread. Dan is clearly very busy with his pursuit of the fiscally incontinent but perhaps if others contacted him too this “fininfluencer” would grab his attention. Deborah is admirably combative but should not stand alone. I regard social media as terra incognita but other contributors who do not might join her if they can bear the heat of battle.
I too sleuthed Companies House and found the reference CTT Group as to a dormant company. Incidentally the late Clive Ponder’s organisation comes across as a pukka outfit and if these charlatans are seeking to profit by association with it Countrywide Tax and Trust Corporation may not joyfully reciprocate the claimed connection.
Just to let you know I just sent an email to Dan Neidle [ dan@taxpolicy.org.uk ] asking him to consider investigating Mr Michael James Hiner and two associates - Micheal Thorpe and Nadim Admani as well as mentioning the current interest of the FCA in Finfluencers.
Further to my post confirming I have contacted Dan Neidle, he has replied:
“Thanks - I’ve heard a few things about Strategic Asset Protection Ltd but really need evidence of the kind of advice they give - haven’t seen that to date”
If any Trust Discussion Forum members have or do come across anyone who has been provided with advice and charged fees perhaps they could kindly let Dan have details - I’m sure that he will not disclose any personal identities.