Tax Cheats beware!

Any person who is seen to sell modern stuff “regularly”… albeit privately… will need to beware the Tax Folk…

Will you take a tenner a week Peter ?

As long as it belongs to you, as we have had two households goods left for us to find homes for, it beggars belief that you are so restricted in only being able to sell at two puces etc. a year.
All the time it is ordinary folk who get caught up in these schemes aimed at catching money launderers and huge tax avoiders.
Have they nothing better to do?

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Jane, we are talking about selling Cars… you are talking about vide greniers perhaps… which are monitored/restricted to a certain degree… just like car-boot sales in UK. :thinking:

finding homes for stuff ?? … have you tried the Emmaus places and there are lots of other charities ???

It will be interesting to see whether the net is fine enough to capture non-residet british people who rent holiday homes without declaring a sous, or british people who are really resident here and don’t declare…

Legitimate tax avoidance is one thing, but tax evasion is another matter as the taxes benefit all of us.

My heart yearns to cry “Yes! Yes! And ever yes!” Bill, for you.

My head, with a bitter smile, says “Nice try!”.

I know I shall always regret refusing. :stuck_out_tongue_closed_eyes::joy:

Maybe if you make a stonking profit :money_mouth_face: which would be liable to capital gains tax but for which I’m sure you have a 5K allowance. Generally household items, like your personal transport, do not attract CGT so flog the fridge too. :face_with_monocle:

And I just thought if I added up all the money I’ve lost on all the cars I’ve bought and sold I’d be sitting on a capital loss that would see me out.

The current “motor” vehicle that’s keeping me awake at night…

https://bugattibaby.com/

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@Stella re rebate on CGT …

I’ve owned the Landy for 12 years 8 months. The ‘log book’ reminds me sternly that it’s a 1978 model, not '76. So it’s 41 going on 42.

Same age as my Son Peter - and Le président de la République française

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There is no Emmaus near us. The Red Cross is hardly ever open and is difficult to park.
I have given beds and bedding to the refugees.
Cluny is not like the UK with Charity shops easily available and people willing to help.
The heading of this post is about tax cheating, it has turned into a subject about cars, as so do so many posts here waver from the subject.

Jane… Threads wander where they will… and cars came up quite legitimately, since their Selling/Profit is coming under “tax” scrutiny in some cases…

Folk who sell stuff at local fairs/vide grenier/whatever are also coming under scrutiny, lest they be using such outlets to support an undeclared business/income… of course, many/most are just ordinary folk selling a few bits and bobs… but the situation needs to be checked (fair enough in my view).

All and any form of gathering money into our pockets might well come under scrutiny by the Tax Folk… anyone with no “sinister” motives … has nothing to fear… and there are lots of ways of ordinary folk gaining money with the “blessing” of the Tax Folk. :upside_down_face:

We need more posts about cars, lots, lots more :blush:

Why not start a Car thread yourself… ??? :thinking: :relaxed:

I could probably go to 15…& maybe even change my name to Bill, if need be

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I’m only teasing Stella :slight_smile:

Drat and double drat… always game for a Car Thread… :upside_down_face: :wink:

The same thing happened to M2 & M3 Leica cameras. Suddenly, in the ‘70’s, they became ‘collectors’ items’ - mechanical jewellery. There’s a very clean M3 - body only - on fleabay for over £27k.

A photographer I used to work for bought 5 Nikon F3’s with titanium bodies. The sealed black-on-gold boxes sat in a row in a cabinet in his office, waiting for the collectors to want them for ‘collectors’ prices.

The dopiest purchase of a ‘collectors’ item’, in my view, was that of David Gilmour’s ‘Black Strat’, for over US$3m. All the pre-commission money went to charity, as did the proceeds of the auction of all his guitars The buyer of the ‘Black Strat’ bought the equivalent of the old woodsman’s axe.

" 'ad this axe 45 years, man and boy. 'ee’s ‘ad 4 new blades an’ 5 new 'andles, this axe. Best axe I ever 'ad".

The pre-sale video of the Black Strat revealed that the only part of the guitar common throughout all the variations was the pick-up selector switch. New necks, necks that had been re-fretted, different bodies with different paint-jobs, different pickups, different tuning pegs …

Clapton’s ‘Blackie’ Strat was the same [but only fetched just under US$1m]. The buyer was the US chain, Guitar Center which proceeded to produce a ‘limited edition’ of this guitar, down to the burn marks on the headstock where Clapton would tuck a lighted fag under the low E string between the nut and the tuning peg, where it would often burn down and singe the headstock.

This evidence of mojo [marks and damage to guitars is known as ‘mojo’. It is supposed to give them added allure] along with dings, scratches, buckle rash and all, was faithfully reproduced on this line of replicas, sold at a price far exceeding that of exactly the same guitar, unmarked, new.

Fender and Gibson sell brand new guitars that have been ‘reliced’! There are videos on how to ‘relic’ - ie damage and deface - your own guitar. The equivalent of taking a hammer and angle grinder to a car and being pleased with the result.

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Talking of taking an angle grinder to the finish of a very valuable car, this was done to a Jaguar ‘E’ Type Lightweight, the ‘E’ Types produced for racing.

In 1998 a Lightweight was found buried under cardboard boxes in the garage of a house in California. The owner had intended to go racing in it but then came divorce. In order to put his wife’s lawyer off the scent of the value of the car he took an angle grinder to the paintwork, scuffed it up a bit and piled cardboard boxes over it. This ruse worked.

For some reason, the car was never moved again. ‘E’ Type specialists, Lynx of Hasting, were brought in and identified the car as ‘the missing Lightweight’, all the others having been accounted for. It was such a low mileage car, not 3000 on the clock, that it was believed that the tyres still contained the air from 1963.

Sold originally for US$5,000 it was sold ‘as seen’ for US$872,050 but, unlike the absurd relicing of guitars, the car was meticulously restored using all the original parts and has since gone racing again in classic car events in California.

Good story. Despite being a car enthusiast since my teens I lament current classic prices. Twenty years ago one could consider a wide range of classics, and even some of exotica Now even cars that were rubbish when new are making top money now. I think cars turning into an asset class for people’s investment portfolios has had a considerable impact.