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How many cars can i buy/sell in a year?

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Old 03-08-2011, 08:40 PM
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James
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Default How many cars can i buy/sell in a year?

I heard today theres a limit of how many cars you can sell in a year before you have to declare yourself as a trader. Done a bit of research but can't seem to find anything concrete, some say five a year while others say six in a twelve month period. Some say dvla will notify tax man, others say no-one will notice unless you're doing hundreds a year.

Any views?
Old 03-08-2011, 08:44 PM
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botters
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depends were you are selling them and wether you are putting the money in the bank or not
i am a trader and never fill in the logbook, i fill the trade section in and give it to the owner to do with as they please then keep the whole logbook as if i were to fill it in normally not only does it add an extra keeper its also difficult for me if i sell it within a couple of days which i usually do because i would have to keep hold of car for a couple of weeks till the logbook came through
Old 03-08-2011, 08:45 PM
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RstAaron.
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I've bought 6 this year and sold 1 ( ) and heard nothing.
Old 03-08-2011, 08:53 PM
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P412KER
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Ive bought and sold probably 20-30 a year for years and had no comebacks?
Old 04-08-2011, 11:59 AM
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Zetec_mk4_XR3i
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Originally Posted by botters
depends were you are selling them and wether you are putting the money in the bank or not
i am a trader and never fill in the logbook, i fill the trade section in and give it to the owner to do with as they please then keep the whole logbook as if i were to fill it in normally not only does it add an extra keeper its also difficult for me if i sell it within a couple of days which i usually do because i would have to keep hold of car for a couple of weeks till the logbook came through
started doing the same for myself, but for all the ones I've registered in my name never had a problem
Old 04-08-2011, 08:09 PM
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xr2wishy
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all depends how you want to deal with it, if it's a business then you should declare it and pay tax on the profit, does depend on how much you declare though.
Old 04-08-2011, 08:18 PM
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paul0461
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how longs a piece of string... lol
Old 04-08-2011, 08:40 PM
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LHD220Turbo
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it used to be 6 per tax year i thought, that's assuming you put them in your name. It may have changed now and i'm not 100% certain that's correct anyway.

i dont register them in my name and only deal in cash, that way you can do as many as you like
Old 06-08-2011, 07:14 PM
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Mk4 Lew
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Originally Posted by paul0461
how longs a piece of string... lol
half it then double it
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