From: neverwas on 1 Feb 2008 04:41
> Incorrect. You pay tax on any gains. If you bought a watch for
> use for �300 and sold it later for �500 you would be liable for tax on
> �200 difference. The chances are though that most things bought new
> later sold are not likely to be sold for more than you paid for them.
Better make that a watch bought for �30,000 and sold for �50,000 given
the chattels limit. To quote from the SA helpsheet
"You do not need to calculate any gain on the disposal of any single
chattel if the disposal proceeds did not exceed �6,000."
From: Fran on 1 Feb 2008 10:36
"John Rumm" <see.my.signature(a)nowhere.null> wrote in message
> Fran wrote:
>> Palindrome said - rightly - that there is a maximum allowed as a mileage
>> expense before it is taxable. That maximum is forty pence per mile,
>> regardless of vehicle type. Over and above that, in theory, it is
> In this circumstance however you are not charging for mileage at all, you
> are charging for delivery; which is a service you can price anyway you
> like - an element of the cost of providing this service is indeed the
> mileage cost, but what proportion of it is resultant from mileage will
> depend on how you price your time and any other costs to be met (packing
> materials etc).
If you're going to quote me, please don't snip context.
> The fact that you provided a mechanism to the buyer to allow them to pre
> compute the cost of delivery is not relevant.
> To the OP, I would suggest that your pricing would be likely interpreted
> by a buyer as a total cost for the round trip - so a delivery at distance
> of 15 miles would cost �15.
And please re-read the OP - the round trip was thirty miles.
From: The Older Gentleman on 1 Feb 2008 13:54
Dave Liquorice <allsortsnotthisbit(a)howhill.com> wrote:
> If you bought a watch for personal
> use for �300 and sold it later for �500 you would be liable for tax on the
> �200 difference.
K1100LT 750SS CB400F SL125 Peugeot Vivacity
GAGARPHOF#30 GHPOTHUF#1 BOTAFOT#60 ANORAK#06 YTC#3
BOF#30 WUSS#5 The bells, the bells.....
chateau dot murray at idnet dot com