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  • When time is a factor
  • Fast & highly flexible
  • Bridging loans
  • Can be a real lifesaver!

Bridging Finance for Paying Tax Liabilities

Unexpected tax bills have a tendency to land at the worst possible moment. Never in times of prosperity, but when making ends meet is already proving a full-time job. Faced with the prospect of heavy penalties and possible legal action, time is of the essence when paying outstanding tax liabilities.

Sourcing fast-access funding for unexpected outgoings like these can be difficult through conventional channels. Most major banks are not willing to issue loans for these kinds of purposes, and underwriting times would be far too long if they did.

This is where bridging finance can save businesses and individual borrowers alike time, money, and a great deal of stress. When HMRC comes knocking on your door at the worst possible time, call bridgingfinance.com for the prompt support you need.

For more information or to discuss the potential benefits of bridging finance in more detail, contact a member of the team at bridgingfinance.com today.

Why use UK Bridging Loans?

Personal service:

Here at bridgingfinance.com, we take customer satisfaction very seriously. That is why we go the extra mile to provide the best service possible to all of our clients.

Expert advice:

Every member of our team is highly trained and experienced in property and specialist lending products, ensuring our clients get the best products at the best rates.

Flexible lending:

We have access to many specialist lending products that can be tailored to each individual’s needs. We can offer flexible, fast, and cost-effective loans for clients with specific requirements. Deal directly with the lender; no middleman!

Proven track record:

Our track record speaks for itself through our thousands of satisfied clients. Our experience and unrivalled customer service mean that we have many returning clients with whom we have built a long-lasting relationship.

unique

Tech savvy:

We use the latest technology to ensure simplicity, speed, and ease for our clients, as well as highly trained staff to ensure everything runs smoothly.

Tailored loans:

We can tailor loans to suit whatever property funding needs our clients may present. With access to a wide range of lenders, we are able to offer specialist loans at competitive rates.

Frequently asked questions

What are the different tax liability scenarios?

It is surprisingly simple to fall out of favour with HMRC, and it is something that can happen to anyone.

Just a few of the scenarios that could call for urgent financial support include the following:

  • Income tax: Self-employed workers may miscalculate their income tax deductions and subsequently find themselves facing a huge final demand at the end of the tax year.
  • Capital gains tax: When selling a capital asset for a price higher than that for which it was purchased, capital gains tax is usually payable in significant amounts.
  • Corporation tax: This is essentially income tax for companies, which, like conventional income tax, is easy to miscalculate, paving the way for unexpected final demands.
  • Value added tax: VAT can be reclaimed by businesses at a later date, but must be paid at the time of purchase and can amount to a significant levy on products and services.
  • Inheritance tax: If you inherit assets with a total combined value beyond the specified threshold, the standard inheritance tax rate of 40% applies and must be paid promptly.

Is short-term borrowing available for tax payments?

The speed and simplicity of bridging finance make it the ideal choice for time-critical scenarios like these. With all the essential paperwork in place, an affordable bridging loan can be arranged and accessed within a few working days.

Just a few of the common features and benefits of bridging finance for paying tax liabilities include the following:

  • A fast and convenient facility to arrange.
  • Monthly interest as low as 0.5% or less.
  • Flexible lending criteria and simplified applications.
  • Can be secured against almost any type of property.
  • Optional early repayment with no fees or penalties.
  • Applications are welcome from customers with poor credit.
  • No monthly repayments are necessary.
  • Repayment terms of 1 to 18 months.

Importantly, the total combined costs of a bridging loan could prove significantly lower than the penalties that become payable for failing to meet the demands of HMRC. A timely bridging loan could also prevent legal action from being taken against you or your business. Most importantly, a bridging loan can prove exponentially more affordable than the costs of non-payment of tax obligations. Along with avoiding potentially excessive fines and penalties, ensuring you keep on top of your taxes is essential for keeping HRMC off your back.

Should I avoid delays?

HMRC's blinkered approach to late or missed tax payments is notorious, to say the least. Even in the case of genuine oversights and with an otherwise flawless payment history, you could still have the book thrown at you for failing to meet your obligations. When you simply cannot afford to delay an outstanding tax payment, we can help. We go the extra mile to arrange affordable bridging loans for clients from all backgrounds as quickly as possible.

Contact details

pinBusiness Address: Office block 2, Kibworth Business Park, Kibworth Harcourt, Leicestershire, LE8 0EX

callTelephone:  0116 464 5554

Opening hours

Mon-Thurs: 9am-8.30pm

Fri: 9am-5pm

Sat: 10am-5pm

Sun: 11am-5pm


For job vacancies please email us on jobs@bridgingfinance.com