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| Court allows Hewitt to postpone £2.7m tax bill http://www.bbfans.co.uk/viewtopic.php?f=43&t=23277 |
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| Author: | JimD [ 18 Nov 05, 15:16 ] |
| Post subject: | Court allows Hewitt to postpone £2.7m tax bill |
Telegraph (Filed: 18/11/2005) James Hewitt has won a breathing space in his attempt to avoid being made bankrupt over a £2.7 million tax bill. A High Court official adjourned the petition for his bankruptcy until Jan 13 next year to allow him time to remortgage a property and offer a settlement. The property involved was not mentioned but the former cavalry officer, whose income was mainly derived from exploiting his affair with Diana, Princess of Wales, is known to own a flat in Cranley Gardens, Kensington, west London, worth an estimated £500,000. A HM Revenue and Customs official made the adjournment application at the High Court at a hearing lasting under two minutes. The taxman is pursuing 47-year-old Mr Hewitt for unpaid tax going back to 1999. He is said to owe around £2.2 million plus interest of about £500,000. The hearing was scheduled in October when Mr Hewitt's solicitors asked for a six week adjournment to allow him to review his tax affairs. |
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