It looks like you're new here. If you want to get involved, click one of these buttons!
Subscribe to our Patreon, and get image uploads with no ads on the site!
Base theme by DesignModo & ported to Powered by Vanilla by Chris Ireland, modified by the "theFB" team.
Comments
While I recognise that buying cheap and selling high in a timely fashion is part of the basis of good business acumen, like many posters on this thread, the things that boil my piss are dishonesty, pleading poverty (then immediately flipping), aggressive lowballing and quite often, the subsequent sheer brass neck when reposting (with vast price hike) on the same platform it was purchased from.
As has already been said, once something leaves the seller's hands, the new owner is entitled to do whatever they want to do with it, but it's the process of acquisition that rankles - and it's not difficult to spot those who practice such methods. There is a fairly extensive list of people who I would avoid selling to/buying from - purely because I know their motivation is nothing to do with appreciation/enjoyment of the gear, but everything to do with profit (and yes, I know this is what happens when you sell to a shop, etc - but they aren't pretending to be your mate, telling you that their MOT is due or pointing out tiny or imaginary imperfections in order to broaden their margin*).
*Well, they might do this bit.
HarrySeven - Intangible Asset Appraiser & Wrecker of Civilisation. Searching for weird guitars - so you don't have to.
Forum feedback thread. | G&B interview #1 & #2 | https://www.instagram.com/_harry_seven_/
(formerly miserneil)
End of errand.
This stuff is simple.
As to the classifieds being some sort of extension of altruistic community spirit, and participation therein being dependant on that observation, that strikes me as none reality based to be honest.
I'm no expert but would have thought it would come under capital gains tax. https://www.gov.uk/capital-gains-tax
In reality it would probably simply form "income" in the eyes of HMRC and they would want it declared and taxed as such.
(The total selling price of the guitar or guitars would be the gross income, and the price you paid for them would be deducted as an "allowable expense"- you would pay tax on the difference.)
Better to buy private - there are some serious bargains to be had out there at the moment and I don't think you're taking much more of a risk anyway.
Recent example - there's a Marshall 2100 on here for £900. A dealer is selling one for £1,800 and claims their prices are competitive!