FLASH
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A former British tax expert, who once earned around £2m a year, is at risk of losing his home after a long legal battle over a tax debt of more than £600,000.
John Dixon, 70, a former partner at renowned auditing firm Ernst & Young, was declared bankrupt in 2017 after British tax authorities discovered unpaid liabilities that included taxes, penalties and interest.
During bankruptcy proceedings, trustees discovered that Dixon had signed a series of documents in 2010 through which he transferred his assets, both existing and future, in the name of his wife, Janet.
The list of transferred assets included property, vehicles and future income. The court concluded that these actions were intended to protect the assets from creditors, paving the way for their seizure.
The couple's home, a traditional thatched cottage called "Toad Hall", worth an estimated £730,000, is also at risk. Bankruptcy administrators have begun proceedings to seize and sell the property in order to pay off debts.
In the last court hearing, Dixon claimed that he had been treated unfairly and that the transfer of assets was not related to avoiding creditors, but was part of family inheritance planning.
He argued that he had no tax liabilities at the time the transfers were made and that he would not risk his career for such a sum. However, the British High Court rejected his appeal, upholding the decision allowing the administrators to proceed with the sale of the property.
The latest decision paves the way for authorities to continue efforts to recover the debt to the British tax administration.
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