Letters
Aug 24, 2020
3 minutes
Investments
Steve Cooper is concerned about a number of problems with old bikes as investments, but does, I feel , overlook a few points.
Firstly, old vehicles in general are not subject to Capital Gains Tax on sale. Sell an old picture or 'antique' collectable, and our government takes its slice. Ok, they are not bothered at most of the sums old bikes go for, but if a Vincent Black Shadow were a picture, its sale would have HMRC knocking at your door if you did not declare its sale
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