New Did Yous Bespeak Heed Of The Motorbike Collector That Passed Away, As Well As Suddenly, His Abode As Well As Collection Were Raided Past Times His Old Vintage Motorbike Social Club Members, Spreading The Inheritance To The Winds, As Well As The English Majestic Govt Customs As Well As Revenue Agents Got Involved To Repatriate The Bikes? The John Lumley Scandal
Mike Jackson was called inwards equally a consultant for Her Majesty’s Revenue as well as Customs (HMRC), afterwards the management of the Vincent-HRD Owners Cub attempted to convince them (and John Lumley’s Executors) that Lumley’s motorcycles, worth an estimated £1 million, were solely worth £75,000.
His collection included Broughs, almost every imaginable variety of prewar as well as postwar Vincent HRD as well as all sorts of other mythical machines, including a Coventry Eagle Flying 8, collected over the decades because they had something exceptional nearly them, such equally a race history.
In the weeks next John Lumley’s funeral (April 21st 2009), HMRC received at to the lowest degree ii tip-offs from concerned VOC members.
The Revenue took the odd pace of ordering the legal theatre acting equally John Lumley’s Executors to reopen their belatedly client’s Estate, as well as the search began for the xl or to a greater extent than missing motorcycles. “That was the commencement time, the solely time, that I need keep seen this happen.”, said Mike Jackson, who was engaged past times John Lumley’s solicitors as well as Executors Thackray Williams to assess as well as value whatever motorcycles that could hold upwards traced.
Keep inwards mind, the govt revenuers weren't acting from charity, to assist the inheritors recoup the missing bikes. Actually, they were acting on behalf of the crown, who demands 40% of the inheritance (a ane yard k pounds sterling, roughly) as well as since the bikes had been stolen straightaway afterwards the cash inwards one's chips of the owner, the govt couldn't examine the claim, nor, could the inheritors pay upwards on the missing fortune they powerfulness need keep gotten from selling the collection
More ex-Lumley machines would surface inwards the coming years, including a Series C Black Shadow amongst a Manx TT race history as well as a Scott institute inwards Commonwealth of Australia amongst ane of John Lumley’s laundry bills inwards the toolbox
The novel owners claimed variously that the dying John Lumley had gifted them his motorcycles on his deathbed – a claim that infuriated the hospice management as well as staff – or gifted them to the Vincent HRD Owners Club for posterity
That John Lumley (heavily sedated on morphine) had non inwards fact given away his collection (but his sister-in-law did), was treated equally an irrelevance nether the Law. Justice of a variety was served, however, when Revenue human Ray K–––––– made certain that the beneficiaries of John Lumley’s alleged deathbed philanthropy were penalized to the fullest extent possible, for failing to declare their ‘gifts’ inwards line of piece of job amongst taxation laws. The Revenue got its due as well as the miscreants got striking inwards their pocketbooks.
In the end, though, the rightful heir lost one-half or to a greater extent than of the value of his inheritance.
For the other side of the story, how 20 people stepped inwards to "help" the widow past times taking away the boxes of parts as well as sometime motorcycles, https://www.vincentownersclub.co.uk/index.php?threads/the-estate-of-the-late-john-lumley-and-the-vincent-h-r-d-owners-club.10051/
But don't only need keep what I've posted equally the solely other side of the story: http://www.biker.ie/forum/archive/index.php?t-138538.html toward the bottom
/search?q=john-lumley-collection
https://thevintagent.com/2018/04/20/death-taxes-and-old-bike-fever/
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