Kate Garraway has called in financial aid following the death of her husband Derek Draper after a lengthy battle with Covid.
The Good Morning Britain presenter has been left with a £716,000 tax bill from her late husband’s company.
57-year-old Kate has now been forced to call in a firm of specialists to help her cope with a new set of crippling fees, which came after she closed down her late husband’s firm, reports the Mirror.
Derek’s psychotherapy company Astra Aspera Ltd was shut down with £184,096.96 of debt and its closure landed her with a £716,000 tax bill.
A source close to Kate confirmed the details but stressed this was tax from Derek’s company and she is now getting her finances organised.
She has engaged London financial expert Hacker Young to handle discussions with HMRC.
The source said: “Kate has made no secret of her financial issues which include Derek’s medical care bills and the collapse of his company. She is now getting the help she needs to help with the tax bill.”
Derek passed at the beginning of 2024 following a long battle with Covid.
Hacker Young specialises in companies and individuals who need help with “tax investigations and litigation support”.
Hacker Young says of its expertise: “Unfortunately, disputes with HM Revenue & Customs (HMRC) do arise and appear to be increasing at an alarming rate.
“Often, the matter can be resolved relatively quickly. Where it can’t, we can advise you on the alternatives open to you and the merits and chances of success with each.
“We will advise you, warts-and-all, bearing in mind that cost is an important factor for you. Should you need advice in deciding whether to seek a local reconsideration of HMRC’s decision or to lodge an appeal directly to the VAT & Duties Tribunal, we will be there to guide you and assist where needed.”
The news comes as Kate this week revealed on GMB that she’d been forced to cash in her pension.
She told a guest, who has had to pay £15,000 for their own private healthcare: “You need every penny of that pension. I’m doing something similar myself. I’ve just had to withdraw the bit you can tax-free for my pension to pay belated bills for my husband that passed away.
“I am ashamed of the fact that I am in debt because I have an incredible job that I love, that’s very well paid. I’m not a carer travelling miles, paying their own transport to go and help somebody for minimum wage. I’m somebody that is very well paid and so I just feel a shame that I couldn’t make it work.”
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In March, Kate told how Derek’s medical bills put a huge financial strain on the family in an ITV documentary.
He died at the age of 56 in January, following a long battle with the long-term effects of the Coronavirus pandemic.
In the documentary, Kate said: “Derek’s care costs more than my salary from ITV and that is before you pay for a mortgage, before you pay any household bills, before you pay for anything for the kids, so we are at a crunch point.
“I am in debt. I can’t earn enough money to cover my debt because I am managing Derek’s care and I can’t even use the money I do have to support Derek’s recovery, because it’s going on the basics all the time.”
Kate added: “Listen, I’m not going to pretend that I am poorly paid, I have an incredible job that I love, which is well-paid, but it’s not enough.”
The Good Morning Britain presenter estimated her debts to be between £500,000-£800,000 at the time.
Speaking when Derek was still alive on the doc, she added: “Derek’s care, the basic needs, not including any therapy, which I am happy to pay on top, is nearly £4,000 a week. How can I afford that? How can anybody afford £16,000 a month?”
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