Buying second hand good for business use

paddyrg

No, I assume he bought the instrument from post-tax income, just ask him for the hand-written one.

garvok

cheers, will do. thats all i really wanted to know. obviously if it were the case that something came up, would he have been expected to pay tax on something like that. As long as i can tell him it's just for my business and to cover myself he got nothing to worry about, ( or put the price up)

Prothet_of_Doom

My take on this :

HMRC do not actually need to see a receipt. You could include a copy of the advert in your accounts (HMRC will only see it if they audit your accounts, and I personally think if you note the name and address of the person, plus how much you paid then the HMRC are unlikely to be phased). I think the term is petty cash?


However, if a person is unwilling to put their name, and address and signature on a peice of paper stating that said item (with serial numbers) is theirs to sell, but is sold with no warranty and sold as seen, then you have to question the motive. Can they prove provence ? In this case the proving of provence is not an issue as he has the original receipt.
I would want a receipt so that if the police came knocking, there was no potential for being charged with handling stolen goods.

InsideInsurance

garvok wrote: »

would he have been expected to pay tax on something like that. As long as i can tell him it's just for my business and to cover myself he got nothing to worry about, ( or put the price up)

You say he bought it in a personal capacity in which case there is no tax for him to pay, he is just liquidating one of his assets.

Mistral001

You do not have to be in business to request a receipt or to write a receipt. Even with private to private transactions asking for a receipt is perfectly acceptable. In this case it is private to business. I cannot see the problem. When antique dealers buy from a person they often ask for receipts. This is the same situation as far as I can see.

googler

darkfield wrote: »

Whatever gave you that idea? Absolutely not.

But this isn't just any gumtree seller is it?

At least with ebay you get some form of receipt/purchase confirmation.

Well, you're the one peppering your post with 'nudge nudge wink wink' comments....

What makes you think the person selling musical instrument or equipment to the OP here ISN'T a regular seller?

[Deleted User]

googler wrote: »

Well, you're the one peppering your post with 'nudge nudge wink wink' comments....

What makes you think the person selling musical instrument or equipment to the OP here ISN'T a regular seller?

Sorry, but I don't quite follow what inspired you to ask that question either. :huh:


However, since you ask, and no I have no proof either way, but it certainly wouldn't surprise me if this gumtree seller did indeed regularly sell such items

Nudge, nudge, wink, wink, know what I mean? know what I mean? :cool: :cool:

googler

darkfield wrote: »

However, since you ask, and no I have no proof either way, but it certainly wouldn't surprise me if this gumtree seller did indeed regularly sell such items

If you have no proof, then why would you suggest this?

[Deleted User]

googler wrote: »

If you have no proof, then why would you suggest this?

I was only acknowledging the appropriateness of the suggestion you had previously introduced into this thread, remember?

googler wrote: »

What makes you think the person selling musical instrument or equipment to the OP here ISN'T a regular seller?

garvok

all good guys, no need to bicker, thanks for the advice, got the recipt from the dude, all in the original boxes and recipt from where he bought it from.

Cheers again