In my case it was the portion of the capital increase in the value of my non-liquifiable assets which HMRC requested to cover my contribution towards things like the personal tax allowance which people like yourself benefit from, and which people like myself are exected to fund as a result of being hard working soldiers.
jimboy124:
Lol x
Don’t take this the wrong way, but I’m not into the ‘x’ thing from men, it all seems terribly gay to me. No offence.
I totally apologise for the … Errrr … Mmmmm (x) thing … It’s my fat fingers ! I will go back and delete the gay x ! Lol
And the other stuff about " capital increase , personal tax allowance and hard working soldiers."… I bow to your superior income…
In my case it was the portion of the capital increase in the value of my non-liquifiable assets which HMRC requested to cover my contribution towards things like the personal tax allowance which people like yourself benefit from, and which people like myself are exected to fund as a result of being hard working soldiers.
jimboy124:
Lol x
Don’t take this the wrong way, but I’m not into the ‘x’ thing from men, it all seems terribly gay to me. No offence.
I totally apologise for the … Errrr … Mmmmm (x) thing … It’s my fat fingers ! I will go back and delete the gay x ! Lol
And the other stuff about " capital increase , personal tax allowance and hard working soldiers."… I bow to your superior income…
FTFY, you’re welcome.
I don’t know what you fixed because I am to ■■■■■■ to see the screen on me iPad .;;;.;.
Gogan:
In my case it was the portion of the capital increase in the value of my non-liquifiable assets which HMRC requested
would you have an example of this, it was my understanding that assets are not generally taxable and certainley not increases in value of non-liquifiable assets?
In my case it was the portion of the capital increase in the value of my non-liquifiable assets which HMRC requested to cover my contribution towards things like the personal tax allowance which people like yourself benefit from, and which people like myself are exected to fund as a result of being hard working soldiers.
jimboy124:
Lol x
Don’t take this the wrong way, but I’m not into the ‘x’ thing from men, it all seems terribly gay to me. No offence.
I totally apologise for the … Errrr … Mmmmm (x) thing … It’s my fat fingers ! I will go back and delete the gay x ! Lol
And the other stuff about " capital increase , personal tax allowance and hard working soldiers."… I bow to your superior knowledge…
LIke i told ya, you attract them !!! The fines coming soon, we’ve already had the tax bill !!!
Gogan:
In my case it was the portion of the capital increase in the value of my non-liquifiable assets which HMRC requested
would you have an example of this, it was my understanding that assets are not generally taxable and certainley not increases in value of non-liquifiable assets?
Certainly…
If for instance you buy shares in a company (or even a whole company) for a given amount, and then sell it for a greater amount, the difference between the purchase price and the sale price is known as a “capital gain” which is taxable in the same way as profits, dividends or even PAYE income. The actual taxation level is dependent on a number of factors, and each individual is permitted an annual allowance for tax free gains (to cover things like the increase in the price of your home etc) but as a general rule the CGT rate is 28%. This may be reduced to 10% if you own more than 5% of a firm and have held the shares for longer than 12 months (known as entreprenuers relief), but there are restrictions on this too which can be complex in their application.
The same applies to property development, bonds, unit trusts and even holdings of precious metals.
I have not picked my plate up and moved, but I have ‘suggested forcefully’ that others should do so twice. The first was on the Coutances coming home from a particularly draining run and this bloke sat down with an opening line of “you’re a miserable rhymes with front, aren’t you” then following with similar obnoxious comments. I suggested he carry his plate away before I threw it away and he was intelligent enough to do so.
The other was when the late Tony H and I were heading back in from Caen. A guy sat next to me and did nothing but complain about the food. That ended up with Tony stamping on my foot and suggesting the guy move elsewhere.
It didn’t happen often, and had to be pretty intense for me to say anything, but when it was that bad then I just had to act…
I have not picked my plate up and moved, but I have ‘suggested forcefully’ that others should do so twice. The first was on the Coutances coming home from a particularly draining run and this bloke sat down with an opening line of “you’re a miserable rhymes with front, aren’t you” then following with similar obnoxious comments. I suggested he carry his plate away before I threw it away and he was intelligent enough to do so.
The other was when the late Tony H and I were heading back in from Caen. A guy sat next to me and did nothing but complain about the food. That ended up with Tony stamping on my foot and suggesting the guy move elsewhere.
It didn’t happen often, and had to be pretty intense for me to say anything, but when it was that bad then I just had to act…
My favourite response to the, “Your a miserable [zb]/Cheer up, it could be worse” type roasters who sat uninvited at the table I was at was usually. “Well I’ve just heard that just died so I’m not really up for laughing and dancing.” It was pretty effective, although it was sometimes a task to stay looking miserable when you saw their “Oh balls, I wish the floor would open up and swallow me” look.
I have not picked my plate up and moved, but I have ‘suggested forcefully’ that others should do so twice. The first was on the Coutances coming home from a particularly draining run and this bloke sat down with an opening line of “you’re a miserable rhymes with front, aren’t you” then following with similar obnoxious comments. I suggested he carry his plate away before I threw it away and he was intelligent enough to do so.
The other was when the late Tony H and I were heading back in from Caen. A guy sat next to me and did nothing but complain about the food. That ended up with Tony stamping on my foot and suggesting the guy move elsewhere.
It didn’t happen often, and had to be pretty intense for me to say anything, but when it was that bad then I just had to act…
I am better than that. I start to agree with them until I can stand no more, then go in for the kill, loud enough for others to hear, most of whom have been listening to our crap for 30 minutes. I love to see them backpeddle
Either that or I just sit on my own like a rhyming front
Gogan:
In my case it was the portion of the capital increase in the value of my non-liquifiable assets which HMRC requested
would you have an example of this, it was my understanding that assets are not generally taxable and certainley not increases in value of non-liquifiable assets?
Certainly…
If for instance you buy shares in a company (or even a whole company) for a given amount, and then sell it for a greater amount, the difference between the purchase price and the sale price is known as a “capital gain” which is taxable in the same way as profits, dividends or even PAYE income. The actual taxation level is dependent on a number of factors, and each individual is permitted an annual allowance for tax free gains (to cover things like the increase in the price of your home etc) but as a general rule the CGT rate is 28%. This may be reduced to 10% if you own more than 5% of a firm and have held the shares for longer than 12 months (known as entreprenuers relief), but there are restrictions on this too which can be complex in their application.
The same applies to property development, bonds, unit trusts and even holdings of precious metals.
Yeah i fully understand Capital Gains (or i thought i did!). I’m just struggling with how you get taxed on an asset, more specifically a non-liquifiable one.
Mike-C:
Yeah i fully understand Capital Gains (or i thought i did!). I’m just struggling with how you get taxed on an asset, more specifically a non-liquifiable one.
You don’t get taxed on the asset itself, only the capital gain in value within any given financial year. The non-liquifiable (an ‘americanism’ used primarily to satisfy the requirement for classification of assets under GAAP) part of it typically refers to an asset that in neither ‘fixed’, ‘depreciable’ or ‘readily liquifiable’ in the normal sense.
I know of one firm that takes a 9 hour reduced spread over the ferry crossing and before/after. They also take the 1 hour interuption to be each time they move so its an hour on and an hour off
there is a ferry mode, it even has a picture of a ferry. but if people want to try to look smart regarding out of scope driving, then why do they refer to subsistence living allowance as “overnight money”?
when people hear someone talking about something, but not refering to it in the same way that they do, does it make them smarter than the other person.
there are many names for a barm cake/bap/roll/cob etc.
but do we make an issue of it, and walk away like a ■■■?
no.
limeyphil:
there is a ferry mode, it even has a picture of a ferry. but if people want to try to look smart regarding out of scope driving, then why do they refer to subsistence living allowance as “overnight money”?
when people hear someone talking about something, but not refering to it in the same way that they do, does it make them smarter than the other person.
there are many names for a barm cake/bap/roll/cob etc.
but do we make an issue of it, and walk away like a ■■■?
no.
I did pick up a bit of pedantry in this thread. I did learn a bit more about the ferry setting though, in the end.
limeyphil:
there is a ferry mode, it even has a picture of a ferry. but if people want to try to look smart regarding out of scope driving, then why do they refer to subsistence living allowance as “overnight money”?
when people hear someone talking about something, but not refering to it in the same way that they do, does it make them smarter than the other person.
there are many names for a barm cake/bap/roll/cob etc.
but do we make an issue of it, and walk away like a ■■■?
no.
I did pick up a bit of pedantry in this thread. I did learn a bit more about the ferry setting though, in the end.
The pedantry was necessary Phil, but it was explained early on page one.
There is absolutely no reason under any of the regulations to tell your tacho you are on a ferry or train and that is not what the option is for. There is no procedure to follow when using a ferry or train unless you are interrupting your daily rest. If you aren’t doing that then you use the tacho no differently to the way you do if you pull into a truck stop, lay-by or MSA for a break.
As Dover Calais and Dover Dunkerque is not suitable for using the ferry option, leave well alone!
