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<p>[QUOTE="afantiques, post: 2193266, member: 71234"]Income from the sale of chattels is not taxable in the UK. Move here to sell your stuff. Capital gains tax is only chargeable on stocks and shares and real estate. Buy a vintage Ferrari, drive if for a while, sell it for a $100,000 profit and the profit is all yours. Buy it with the intention of resale as a business and then the profit is taxable at 20%.</p><p><br /></p><p>Presumably if you make a loss selling your chattels such as coins you can write that off against income and thus pay less overall tax.[/QUOTE]</p><p><br /></p>
[QUOTE="afantiques, post: 2193266, member: 71234"]Income from the sale of chattels is not taxable in the UK. Move here to sell your stuff. Capital gains tax is only chargeable on stocks and shares and real estate. Buy a vintage Ferrari, drive if for a while, sell it for a $100,000 profit and the profit is all yours. Buy it with the intention of resale as a business and then the profit is taxable at 20%. Presumably if you make a loss selling your chattels such as coins you can write that off against income and thus pay less overall tax.[/QUOTE]
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