Soaringman
Free Member
So after buying a run down hotel/guest house in Windermere 12 years Go and then spending every hour we had working to make it into the successful business it ended up to be, the Tax Man has finally knocked on the door:Angry:
So we turned the business around and ended up employing 3 local people who paid their taxes. We paid all of our business rates and 20% vat on every bed we sold plus if we made a profit we paid our dues on that too.
So when we sold the business after working so hard and investing everything we had, do the government feel they should take a big chunk called Capital gains tax!!!!!
The amount was almost as much as we spent buying our Motorhome last year
That money was going to help us through retirement as we have no pensions. So sod you government we are going to spend what we have and when we run out, we will sponge the rest back in benefits, if we live that long :thumb:
So we turned the business around and ended up employing 3 local people who paid their taxes. We paid all of our business rates and 20% vat on every bed we sold plus if we made a profit we paid our dues on that too.
So when we sold the business after working so hard and investing everything we had, do the government feel they should take a big chunk called Capital gains tax!!!!!
The amount was almost as much as we spent buying our Motorhome last year
That money was going to help us through retirement as we have no pensions. So sod you government we are going to spend what we have and when we run out, we will sponge the rest back in benefits, if we live that long :thumb: