As regards people being all smug about appreciating values, I've had classic cars that have doubled in price, but still just about covered the tax/insurance /maintenance /mot and upkeep. It can be a false economy if that's the main driver of your purchase.
They no not of what they speak. I’ve more than doubled and sometimes tripled my money in 5 to 7 years on pretty much all my bikes (if I choose to sell that is) Only running 3 of them per year. And that’s with a recent dip in the market that will not last long... And no capital gains tax either Oh, and my car has nearly tripled in value too in 10 years and cost very little to run, service and insure. They obviously don’t know what they are doing
DVLA/HMRC are getting more and more slick as to what they consider trading as opposed to someone buying to use. Their computer systems are linked now.
Why would one buy a 20k bike and sell it after 8 months? I understand maybe the V4 is uncomfortable and way to much power for the road. Anyway thinks like this are fairly obvious, therefore people should think twice before handing the hard earned cash over to them. Why isn't he selling privately and then buy and ex demo hyper? It seems to me he is about to step twice in the same poo.....
I’d like to see evidence of that connection. As I have friends who have developed the DVLA system and worked in HMRC and aren’t aware of any links that could connect the owner with tax burden
The ancient wisdom was always :- " Buy land , they aren't making any more of it " But that's not true anymore ..... just look at the "Palm Islands" in Dubai , and Hong Kong's airport extensions are said to be built on landfill .... which means mostly disposable nappies and bust washing machines ... The Dutch have always been ace at "making new land " , and they did it in Norfolk as well . Sorry , what was the topic ?
Totally agree. If the price is right, it will sell. Alas, it often takes us a while to know what ‘right’ is
20 years ago , limited edition supercars were considered to be a star investment , but then the bottom dropped out of the market ..... catastrophically ! It's not a new thing ..... Tulip Fever ? Or the modern equivalent .... cryptocurrencies .... eg Bitcoin
DVLA keeps tabs on people who are doing buying and selling more than average and are not registered traders. DVLA know your driving licence details. HMRC know your driving licence details. Its not difficult to put the two together.
