would you call me a dealer

paddythekid

i buy and sell used cars well basically if i see a bargain and think i can make a little profit out of the car i would buy it and try to sell it i am just wondering after having a row inthe pub with a mate would you call me a dealer or not i only have a car for sale every once in a while

bazz26

Reckon this thread will be short lived.

paddythekid

bazz26 wrote: »

Reckon this thread will be short lived.

haha thanks lad

Remmy

Sure, no problem. You're a dealer. Happy?

galwayjohn89

paddythekid wrote: »

i buy and sell used cars well basically if i see a bargain and think i can make a little profit out of the car i would buy it and try to sell it i am just wondering after having a row inthe pub with a mate would you call me a dealer or not i only have a car for sale every once in a while

Yes. You are buying with intent to make a profit therefore you're a dealer.

ARGINITE

More than six car a year?

If the answer is yes, then you're a dealer.

paddythekid

OSI wrote: »

I remember someone mentioning before that there was a certain number of cars you were allowed to sell each year, before you were legally considered and had to declare to revenue, that you were a car dealer. I seem to remember it being a pretty low number to, like 3 or 5.

this is the answer i was looking for as i would onlybe selling 3 or 4 a year

Henry Ford III

You can be trading (for tax purposes) without making a single sale.

166man

Yes you're a dealer.



/thread

Aint Eazy Being Cheezy

Jimbob17 is that you???

Mikko Mallikas

Are you old enough to go into a Pub? or even drive ?

Chuck_Norris

I'd call you many things!

"Dealer" might be one if them.

Jimdagym

Chuck_Norris wrote: »

I'd call you many things!

"Dealer" might be one if them.

If Chuck Norris calls you a dealer, you're a dealer!

paddythekid

paddythekid wrote: »

this is the answer i was looking for as i would onlybe selling 3 or 4 a year

166man wrote: »

Yes you're a dealer.



/thread

I sold 4 cars one calender year, was I a dealer that year? Nope.

166man

RoverJames wrote: »

I sold 4 cars one calender year, was I a dealer that year? Nope.

I'd be very doubtful it's only 3-4 cars a year somehow..;)

galwayjohn89

RoverJames wrote: »

I sold 4 cars one calender year, was I a dealer that year? Nope.

If you bought them with the intention to sell them on for profit then I would call you a dealer.

I sold 4 cars one year but only sold them because I needed a different type of car and therefore was not a dealer as profit was not a motive.

Pawwed Rig

Whether you are classed as a dealer or not is fairly irrelevant unless you breach the limits for VAT registration but if you are trading for gain you are liable for tax under self assessment

TestTransmission

jar_of_coins wrote: »

Jimbob17 is that you???

Yes, it is. paddythekid and Jimbob17 both banned.