Sidelines

[Retired Climber]

3 hours ago, eggsarascal said:

I think the biggest thing he missed is the title of the thread, Sidelines!

 

All of a sudden he's telling me about being in the motor trade, tax, vat, warranties, etc. Ya know all those things that have got nothing to do with sidelines.

Any sideline is taxable income ( off the top of my head I think the limit is a profit of over a grand). As such, all of the above are applicable. 

[Mick Dempsey]

In reality though you could sell a few cars a year and trouser the profit.

[eggsarascal]

8 minutes ago, Retired Climber said:

Any sideline is taxable income ( off the top of my head I think the limit is a profit of over a grand). As such, all of the above are applicable. 

Meanwhile, back in the real world.

 

[Retired Climber]

14 minutes ago, Mick Dempsey said:

In reality though you could sell a few cars a year and trouser the profit.

Of course. However, I think the OP said a couple of cars a week would 'do him'. Selling 100 cars a year is not a hobby, it's a business. 

[Mick Dempsey]

 I think he was talking in a general, light hearted sense.

Your point on straying into taxable territory is a fair one though.

 

I remember when the pound was weak and Ifor Williams actually had stock of trailers, a member on here used to go and buy one in Wales, drive it back to France (where they are very very expensive) register it and sell it at a tidy profit on a regular basis.

 

I worked in garages in the eighties and many of the mechanics had a car on the go being sprayed and fixed up for selling on.

 

Keeping it cash is becoming difficult these days.

Edited July 13, 2022 by Mick Dempsey

[Ty Korrigan]

1 minute ago, Mick Dempsey said:

 I think he was talking in a general, light hearted sense.

Your point on straying into taxable territory is a fair one though.

 

I remember when the pound was weak and Ifor Williams actually had stock of trailers, @Ty Korrigan said he used to go and buy one in Wales, drive it back to France (where they are very very expensive) register it and sell it at a tidy profit on a regular basis.

 

I worked in garages in the eighties and many of the mechanics had a car on the go being sprayed and fixed up for selling on.

 

Keeping it cash is becoming difficult these days.

 

Piggy backed trailers at times.

Imported studwood, insulation when on offer at B&Q, paint even plaster to order.

Brexit put a total stop to all that.

 

 

[John Shutler]

On 12/07/2022 at 06:33, Mick Dempsey said:

Some people supplement their income like this, cars, quads and motorbikes etc.

I just hate the whole process of selling stuff, putting an ad up, answering questions, dealing with dreamers, meeting potential buyers, haggling, then filling out paperwork.

 

I avoid it where possible.

agreed, the it comes to kit id much rather px it with a dealer for slightly less than have to deal with all the messers to make a little bit extra on it

[eggsarascal]

1 hour ago, John Shutler said:

agreed, the it comes to kit id much rather px it with a dealer for slightly less than have to deal with all the messers to make a little bit extra on it

Does that all depend on where you are at? As said, my mate just bought and sold a bike, the dealer offered him £3950 to px his old bike, he sold it privately for £5000 then had a better deal paying upfront from the dealer on the new bike.

[Mark Bolam]

I think it’s more what you’re selling really Eggs.

Much greater target audience for cars and bikes than for arb kit.

[eggsarascal]

8 minutes ago, Mark Bolam said:

I think it’s more what you’re selling really Eggs.

Much greater target audience for cars and bikes than for arb kit.

You can tell the sun is out, it's got to him. Who mentioned Arb kit?