I was thinking

I was thinking

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This is not real but interesting... if you were Steve Hodges accountant who said hi mate I have Maradona's shirt( who I exchanged in the tunnel after the game ) and now received 7 million pounds... what's my tax liability...

 

I say wasting chattel???

Replies (8)

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RLI
By lionofludesch
08th May 2022 10:08

Is that including VAT ?

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By Justin Bryant
08th May 2022 11:15

Given how HMRC operate these days, it would not surprise me if they argued it was an employment perk, so that it's full IT & NIC.

Failing that, the fact it's clearly collectable would probably mean it's not an exempt wasting asset (like Marilyn Monroe's dresses etc.). Otherwise, people would be promoting CGT-free famous clothes investments I suppose.

There is presumably no "business" re VAT (like equivalent Antiques Roadshow people).

A rare case of tunnel vision paying off.

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the sea otter
By memyself-eye
09th May 2022 11:55

Wow - seven million for a female pop singer's shirt!

Better reassess my Villa shirt signed by Jack Grealish then!

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Replying to memyself-eye:
paddle steamer
By DJKL
09th May 2022 12:01

Well he does wear a hair band.

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Replying to memyself-eye:
By JCresswellTax
09th May 2022 17:02

Is there another villa fan on here? :)

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Replying to JCresswellTax:
RLI
By lionofludesch
09th May 2022 17:18

You don't want too many fellow fans. Crowds can be distracting.

I really miss the Behind Closed Doors games.

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Replying to JCresswellTax:
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By the_fishmonger
19th May 2022 10:06

JCresswellTax wrote:

Is there another villa fan on here? :)

R

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Donald MacKenzie
By Donald MacKenzie
13th May 2022 11:46

If players are allowed to keep his match shirts (at nil cost?) presumably if they sell one it would be taxable as a capital gain as not from employment or trade.
Swapped shirt would be the same.

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