Originally posted by northernladuk
View Post
Re your 2nd para, well, no different to buying any other asset. If it's their last day at a gig 10 miles away, the next gig is already signed up for and 100metres away (or 100 miles away) so not readily cyclable, then I'd question whether the motive really was for business. If on the other hand it seemed totally legit at the time, but then circumstances change, no issue as far as I'm concerned. If they no longer need the bike and choose to sell it, then of course those sales proceeds go into the company, and are taxable.
Comment