trade vet

Hi Lazz The first thing I would do is make a Freedom of Information Request to the council to try and find out who has objected.I agree with the above and please keep us informed and good luck.

Yes AD I agree,just drawing peoples attention to it.

Anyone heard of the ‘Unfair Contract Terms Act’ !

Hi I have experience of this.If you are a ltd company this would be a ‘connected party transaction’ and would have to be clearly stated on your annual accounts.The transaction has to be at current market value.Years ago we bought a new car,claimed the vat back and leased it to my daughter.This was clearly stated in our accounts but several years later HMRC assessed that the lease payments were below market value and wanted to tax us on the difference.I proved otherwise.So you must be very carefull otherwise it can come back to bite you in future years.

Sounds good buying,doing up and renting old pubs.We have done a lot of property but on the last one we did 4 years ago we found labourers alone were wanting £150 per day and often ‘ in their hand’.Consequently we went way over budget. That is good Mark.Newbies should take note if you want to be a good player in this job.That is the way it is on a good day.I was interested to see you do your research in the morning,I always did it after 9pm and double checked in the morning.

Hi Steve I might have spotted a possible pitch/ business for you.South of Glasgow.Est 40 years,same owner,main road location and Mot station,accounts appear to be availible.Leasehold £62k,rent £62k ( 2 showrooms,workshop,big forecourt) so maybe opportunity to sub let etc. This is the sort of thing I was previously referring to but there will be others in your area if you ask around.( I would imagine you have contacts in banks and finance companies ). Whatever you do,you will get help on here.

Hi Steve Noting you are in mergers and acquisitions.Why not just buy an established freehold dealership and turn it round,sub divide it etc.There are opportunities everywhere of people wanting to escape this job because they are heavily in debt and their business has hit the buffers.Motor trade premises are not that expensive to buy.

If that Fiesta had done 20k,you could get at least £3000 from a EASY punter for it.You often see similar stuff in UKCG but they do about £2200.If I was a newbie doorstepper not paying VAT,I would have 2 or 3 similar things to get going in the job.After all,these days a good new child’s pushchair can cost £1500 so £3000 for a very low mileage small hatch makes sense to the punters.They have no idea about Cap valuations.

Good luck tomorrow AD.As someone else said ,make sure to use the phrase ‘driven to destruction ‘.

It cannot be right,I think it is fraudulent,but this stuff is no longer classed as cheating or being dishonest.Look no further than Parliament,the next time for instance they are debating restricting the sale of firearms.The chances are there will be some Honorable member speaking against it because they have been bought by some lobbying company acting for an arms manufacturer. So Mark,it is OK you can hire companies who will provide you with good reviews....... ( Did you like the way I kept away from self nominated car dealer awards ! )

Out of interest for you Bikers.If you have Sky,on Sky Arts Brian Johnson is doing a programme interviewing rock stars and singers.Billy Joel ( the piano man ) is interviewed in his bike showroom on Long Island ( 20thcenturycycles.com) which sells new bikes which are ‘reverse retro’d’ into old ones.......Worth a look.

People are just becoming more and more stupid.Every day you seem to hear and see things which are just stupid.Is it technology that is causing this,they appear to run their life based on social media influencers.We had someone last week requesting a PCP deal because their friend had one.They could not grasp the difference between renting and owning a car.

Accusing me of pedalling bull shit ?

Another sly dig Rory.I know one partnership that lasted 40 years,I also know of dozens of partnerships that failed for various reasons ( I had one ) and Rory remember this ,if you work hard at this job you may become HALF as good a player as me. ........one - nil !

Hi James My first reaction to your intro,I would keep your day job ( presuming you like it )and try and do 2 or 3 per month from home.No premises,no debt,no staff etc.,it is now very hard to make good money and GET AHEAD in this job. Keep asking questions,the guys on here will keep you right....Good Luck.

I think it is remarkable that you guys have kept it together after 6 years.I doubt you will all be ‘laid back’ given your previous occupation.I would imagine with 5 equal partners you could have some big rows when someone cocks up and it costs you a few grand which happens to all of us.Partnerships of 2 people with start ups in this job usually don’t last much longer than 2 years.... I hope you continue on here,we might learn something.

Excuse me...’Team of 5 partners ‘....how does that work ? Sounds like a recipe for disaster in this job.

Some good advice there.Would it be possible for you to explain the details of your case.I have won several cases but have never been able to successfully defend one brought by a punter.

I think company car tax can be very unfair.A Good while ago we sold a few Astra Estates to Police dog handlers.Apparently they were liable and charged company car tax on the perk of taking their Police dog van ( and dog ) to travel to and from work to their home.It was apparently cheaper to buy a car and charge mileage or whatever to their employer when they were called out from home....Hopefully that has now changed.

Absolutely,availible to all members of staff and as a reserve vehicle in case you are called out ‘outside working hours’.

BCA are agents acting for the vendor,any liability rests with the vendor.

There was an interesting tax case in the news years back.A guy had a cigarette vending business in London and his company car was a Lamborghini which he said he only used for 100% business use which would mean he was not liable to pay company car tax.HMRC were wanting to charge company car tax which is based on the list price when new and they argued that the car was clearly availible for personal and non business use.In effect if you make one journey in the tax year which includes an element of private use you are liable for company car tax.Incredibly,HMRC lost the case because the guy successfully argued that he supplied up market London clubs and he had to have this car to operate his business efficiently and on security grounds.It apparently was the only way the doorman would allow him to park directly outside club premises to deliver cigarettes late at night !

If you are self employed and do lots of business miles it is worthwhile becoming a ltd company.For example I know one sole trader who does nearly 1000 miles per week,so he incorporated.He has a nice car which he purchased himself and it costs him nothing to run because he is allowed to charge his company 40/45p per mile to cover fuel,maintenance etc.It must be like earning £10k tax free.

If your business is incorporated you have to be very carefull about using stock,there are pitfalls which can prove to be very expensive if you are assessed by HMRC.....However having limited liability is a good thing for our job.Our home ‘ fleet ‘is personally owned,I use a Rav cheapie,my wife has a descent CClass,daughter has a late upmarket Wrangler ( looks good drives crap ) and we also have a Merc SL ( wife’s old car which I use in the summer to pose in the golf club car park.) I do prefer the Rav which was a swapper.

That is doubtfull.You may be sitting waiting for a while.Some good advice so far.The judge will rely on the proven facts e.g. claimant buys car,car breaks down,claimant has huge bill,defendant won’t pay and sale is covered by CRA.If the defence is something like the car was being used as a Taxi ( by a third party)rally car or that the claimant was adding chip fat to the diesel etc you will have to prove without doubt that was the case.You have to factor in you will probably get points deducted for being a used car dealer,so do not look like one,be polite and look at the judge at all times......I wish you the best of luck.