How a tax dispute forced Highland hotel owners into administration
https://www.pressandjournal.co.uk/fp/news/7116122/how-a-tax-dispute-forced-highland-hotel-owners-into-administration/
Maybe the owner shouldn't have tried to avoid tax, then again, there are businesses that use going into administration as a means of dodging tax...
Oct 24, 2026, 11:25 AM@kim_harding Yeah there seem to be various tricks now where they load a company with debt and then the limited liability shareholders walk away. The creditors can then potentially gain control of the assets (such as property) without the liabilities. This seems to be because "secured creditors" are higher in the pecking order for claims on assets. Got stung by this when a startup I was working for went bust a while back. Owners held most of their stake in loans.