|
|
Mar 18, 2015 17:54:01 GMT
|
So if I buy a house, live in it and maintain it then sell it at a profit and buy another house, I am liable for tax? I don't think so Yep 50% capital gains - you need to have it as your main residence (and be able to prove it) for 2 years to avoid this
|
|
|
|
|
|
|
Mar 18, 2015 17:57:24 GMT
|
But you can give them away for free yes?! So if the person taking away the free parts wants to give you some cash for your birthday, anniversary, dead cat memorial etc then that's a different matter It used to be a common way to get around licencing at parties - you bought a lottery ticket and won a beer
|
|
|
|
|
|
Mar 18, 2015 18:31:21 GMT
|
Yep 50% capital gains - you need to have it as your main residence (and be able to prove it) for 2 years to avoid this I didnt think it was 50%, I was under the impresion you only pay CGT (about 28%) on the profit minus feesif you havent been in the house 6 months or longer.
|
|
Last Edit: Mar 18, 2015 19:14:32 GMT by joem83
|
|
|
|
Mar 18, 2015 19:25:58 GMT
|
^ My understanding (after discussing things with an estate agent last year) is that you don't pay capital gains tax if : the house is your main (only?) home you've lived in it for 6 months or more (no need to live in it for 2 years)
|
|
|
|
|
|
Mar 18, 2015 19:35:11 GMT
|
Well this is interesting, as my garage has 20 years of hoarding in it, and most of that is car parts. I was hoping to start selling it all off, but not sure I can now. The parts comes from ebay purchases, scrap yards, auto jumbles, and xmas presents.
|
|
1993 Fiat Panda Selecta 2003 Vauxhall Combo 1.7DI van 2006 Mercedes Kompressor Evolution-S AMG SportCoupé
"You think you hate it now, wait til you drive it"
|
|
|
|
Mar 18, 2015 20:10:44 GMT
|
Well this is interesting, as my garage has 20 years of hoarding in it, and most of that is car parts. I was hoping to start selling it all off, but not sure I can now. The parts comes from ebay purchases, scrap yards, auto jumbles, and xmas presents. From what I have reAd here and other places it's not the selling of car parts they are clamping down on it's the breaking of them. As it's the removal of the oil, radiator water, fuel and air con gas that causes the issues hence environmental agency getting involved
|
|
|
|
|
|
Mar 18, 2015 20:27:43 GMT
|
Well this is interesting, as my garage has 20 years of hoarding in it, and most of that is car parts. I was hoping to start selling it all off, but not sure I can now. The parts comes from ebay purchases, scrap yards, auto jumbles, and xmas presents. From what I have reAd here and other places it's not the selling of car parts they are clamping down on it's the breaking of them. As it's the removal of the oil, radiator water, fuel and air con gas that causes the issues hence environmental agency getting involved This is what I thought when I read the original post, I don't know what it's like down in England but up here in Scotland SEPA have a lot to say about the disposal of the fluids like oil and the likes Sent from my SM-T230 using proboards
|
|
|
|
|
|
Mar 18, 2015 22:55:28 GMT
|
Well this is interesting, as my garage has 20 years of hoarding in it, and most of that is car parts. I was hoping to start selling it all off, but not sure I can now. The parts comes from ebay purchases, scrap yards, auto jumbles, and xmas presents. I'm sure you will be fine with that as you haven't (on the whole) removed the parts yourself - this seems to be the crucial point.
|
|
|
|
|
|
Mar 18, 2015 22:58:14 GMT
|
Hi, the thing is this is like a lot of rules and regulations. They don't really care what you do or how you do it as long as it doesn't cause a problem. Then the rules and regs are all in place to penalise or punish you. But when a question or complaint is raised they have to investigate. You then have to be seen to comply. The added problem is that they can see a loss of business rate revenue, they don't really care whether you are paying income tax or not, but it's another way they cause you bother if they need to. So you either need to comply with there wishes, no matter how much it rankles, or consider packing up the unit and moving elsewhere and starting again. Something companies don't like doing because it affects there business. Colin Spot on Colin and we will comply with what this guys wants as we wish to continue using the unit (not going back to engine transplants on a sloping gravel drive in the rain!), I was just interested in others views as I know there are a few 'communities' here but it would seem its not a common thing at all in general.
|
|
|
|
berendd
Europe
why do I need 3 keys for one car?
Posts: 1,449
|
|
Mar 18, 2015 23:33:56 GMT
|
I guess break the car inside, out of sight and remove all traces
sell all the bits you don't need from another location
bring the shell and other metal to the scrappy soon after stripping it
and noone would be able to prove that all those bits haven't been bought in error hence need selling again to recover your losses
luckily none of this nonsense in this country, i can still drop off a complete shell (complete car if needed) at the scrapman, and send the reg off no questions asked
|
|
|
|
|
|
|
Mar 18, 2015 23:44:34 GMT
|
We don't actually need to break any cars so just won't sell any bits - it's not worth the risk of losing the unit as it took so long to find one.
|
|
|
|
|
|
Mar 24, 2015 12:58:22 GMT
|
Have you contacted your local citizens advice bureau? They are a resource that could prove to be quite useful in this instance chap. Its free advice and they have access to lots of legislation and documentation and are there to assist you where possible. Just a thaught
|
|
|
|
|
|
Mar 24, 2015 20:46:28 GMT
|
does anyone have a law degree on here pretty sure you'd need one to deal with this issue, if the real issue with breaking a vehicle is the contamination from fluids etc where do we stand on oil changes etc . I for one fill a 25 gallon drum which then gets emptied at the local recycling center .
|
|
if it hasn't broken yet chances are it will for me
|
|
|
|
Mar 24, 2015 23:33:23 GMT
|
I'm really reluctant to get any 'professional' help on this. My feeling is that if I were to find that this guy is talking out of his backside and I prove this somehow he will just find some other way to make life difficult. Even to the point of asking him to provide the 'law' that we are to comply with. He got really quite agitated when I wanted him to clarify what he was saying, I was essentially asking what we needed to comply with - he even went as far as to say that I was being an about it and being awkward on purpose. My purpose in the thread was to see if anyone else had experienced this and what if any actions they took. I think that the essence of what he is saying is correct for our situation although he is absolutely sticking to the letter of the law which makes it seem unreasonable. We will just continue as we have but cease the (very small) amount of personal sales that there have been, annoying as that is.
|
|
|
|
93fxdl
Posted a lot
Enter your message here...
Posts: 2,000
|
|
Mar 24, 2015 23:56:59 GMT
|
I have had a few run ins with officious council ****s, over boundary issues, I have been lied too and threatened with legal action. Any meeting with this **** in future, record everything, All correspondence should be done by emails. Do not use phone calls or letters as they can mysteriously disappear I was given this advice by one of the good council employees, sadly they seem to be few and far between. Another option Turn yourselves into a charity, get free waste carriers licence, discount business rates, some vat exemption plus how would it look on his CV, harrassing a charity !!!
|
|
|
|
93fxdl
Posted a lot
Enter your message here...
Posts: 2,000
|
|
Mar 24, 2015 23:57:44 GMT
|
Ps Ttfn Glenn
|
|
|
|
|
|
|
ultimately it comes down to him having to prove that you are breaking vehicles for profit you aren't so no problem tell him to go and pester someone else or start proceeding against you in the mean time launch a complaint about his attitude with his superiors
|
|
if it hasn't broken yet chances are it will for me
|
|
93fxdl
Posted a lot
Enter your message here...
Posts: 2,000
|
|
|
I wouldn't bother reporting him, until you have hard evidence against him. The standard, get out phrase is, "I don't remember saying that" Also be careful of poking the hornets nest, he can bring in a lot of big, ugly friends, Police, trading standards, customs and excise, benefits agency, etc. These types can operate undercover so be prepared, Prominent sign, stating, you are not. A business, you do not sell parts or services, and any attempt to procure parts or services will be treated as harassment and entrapment and will be reported to the authoritys Ttfn Glenn
|
|
|
|
|
|
Mar 25, 2015 21:56:36 GMT
|
Yeah sounds like a good plan actually
|
|
if it hasn't broken yet chances are it will for me
|
|
|
|
Mar 26, 2015 12:10:10 GMT
|
I wouldn't bother reporting him, until you have hard evidence against him. The standard, get out phrase is, "I don't remember saying that" Also be careful of poking the hornets nest, he can bring in a lot of big, ugly friends, Police, trading standards, customs and excise, benefits agency, etc. These types can operate undercover so be prepared, Prominent sign, stating, you are not. A business, you do not sell parts or services, and any attempt to procure parts or services will be treated as harassment and entrapment and will be reported to the authoritys Ttfn Glenn Exactly my feelings on this Glenn. It's very easy for people on the outside to say it's not right report him or tell him to get lost etc but my thinking is that he could make things very difficult for us indeed and it's just not worth the grief - unfair as it is.
|
|
|
|
|