HMRC Shows Its Economic Illiteracy
"Assets taken can realise less than their actual value at a public auction"
Really? Their "actual value" in the auction room is what someone is willing to pay for them, how else would you define their "actual value" Mr Taxman? It might be not as much as the owner or the greedy bastard bailiffs hope but that is the "hoped for value", and if I could pay off my taxes with the "hoped for value" of objects then Her Majesty would soon build a large collection of interesting pebbles I have picked up from the beach.