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Death of The Hill Bookmakers?
Death of The Hill Bookmakers?
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Replies: 214
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Yes I do remember ribero - just didn't mention it !! Am I right in thinking that no cheques were accepted at that auction ? Surely I've got that wrong !
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Could be something in that Demo. If you were to make a capital gain the taxman would want his cut, so why not set a capital lose against tax.
Anybody know the tax law regarding this? |
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YES I REMEMBER THE REDFERN FAMILY TURNING UP AT THE AUCTION AND BEING GREETED WITH"NICE TO SEE U,TO SEE U NICE" AFTER THE PITCHES WERE SOLD THE AUCTIONEER SHOUTED"DIDNT SHE DO WELL"TWO OF HER POORER PICKS WERE PUT UP FOR SALE TOGETHER,WITH NO BIDS THE AUCTIONEER RETORTED,"YOU GET NOTHING FOR A PAIR NOT IN THIS GAME".
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I remember one firm in particular buying and buying pitches as if money had gone out of fashion. Knowing a bit about them I thought how on earth were they going to resource all the days racing that would be involved. Needless to say the firm does not operate today, No prizes for guessing the id. !!!
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Whiskey alpha.....
If you sell a list position at a loss,that capital loss can be set against any capital gains you make but not against your inland revenue liability. Similarly purchasing a list position cannot be set against your tax liability. |
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If you sell a pitch for less than you paid for it you DO incur a capital loss. This can be set against any capital gains for that financial year. It cannot be set against other classes of taxation.
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Beat me to it AD
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Hi Wassy.....we can always get a job with the inland revenue.....except we enjoy this game too much!!!
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the artful dodger,
.....except we enjoy this game too much!!! Enjoy, are you a f*cking masochist or something! Surrounded by c*nts who are slaves to the betting exchanges. Oh look, it's 6.6 to back, i better go 11/2! I can make better books, staying at home! |
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Mum,
You are funny!  |
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Norfolk....No,not a masochist but we do like the game and tend to give the quieter meetings a swerve.The c*nts you mention are all over the place....their noses glued to the screen and having anything above a fiver back on the machine.....favourite loses £4.....second favourite loses £1....everything else wins between £6 and £15!!!Total take....£420.....bets back on the machine £400!!!!
They're very brave but without the machine they wouldn't have a clue! |
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Perhaps different tax rules if you trade as a limited company?
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Trading as a Ltd company of course keeps your personal assets segregated and can be more advantageous taxation wise depending on how an income is drawn, I do however believe the the IHT position would be significantly different i.e between Sole Trader & LTD Company
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how the feck are peopleexpected to bid on something not knowing what they are gonna get for their money. this is without doubt the most ludicrous idea ever. you could bit 300 or more and have no idea where your gonna bet untill youve paid your money out lol.if you bid for a pick at any current course you know where you can expect tp work from and adjust your bid accordingly,can you imagine going tom a property auction and bidding on a property and then being told which house youve bought?this could not happen in any other business.i cannot believe the agt tghinks this is a sensible way forward.at the very least every pitch should be numbered and then you have a clue as to what you are bidding for, a map/printout of where every joint is gonna be should be available for us to see before bidding for anything . ffs chaps dont stand foir this total b0000llloox , if you feel the need to bid , then bid £10 and we cqan all bid the same tenner
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I wonder if you can put bids in on different areas in case you don't get in the area of your first choice?You could bid & give your prefence which area you want to stand in for first choice etc.If you don't get in your first choice then they look at your bid for your second choice & so on until you have a successful bid or will everyone get in the area they want regardless of the number in that area?
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