LemmyMcGregor

Indeed there is more, I kept it simple for the sake of understanding this specific portion. Anyway, let me get this right, you sat that the Ltd still pays taxes on the profit, I assume then that the difference is afterwards when I pay myself. I know that there is an allowance on dividends which I would use, let's assume that I am past such allowance and I am due to pay taxes for the sum received. The company is paying me and I would have then to declare an income of £405 from my company and pay the relevant tax rate. In this case though, because the company is not paying me but servicing a loan, I wouldn't have to pay taxes on the whole payment and only pay taxes on the portion that is interest, as the capital repayment is not a payment but my money being returned. And by the way, corporation tax is set to raise to 25%, yay -.-' Thanks for the additional info, I'll check them out.

I was thinking about this post earlier as I was out walking and thought how I could apply to myself, please, correct me if I am wrong. To the best of my understanding, you can deduct the interest on the mortgage, but not the mortgage payment itself. Say I'm paying £500 a month and £400 is capital with £100 interest, I can only treat the £100 as a business expense. I set up a Ltd, loan it £25,000 for a deposit and use that to get a mortgage, at this point the Ltd ows me £25,000 at a set interest rate. I let the house to a tenant that is paying me £600 a month, at this point I should pay taxes on £500, which is the income (600) minus the interest (100), however, because the company owes me money, I can repay myself £500 for the loan and the company would be breaking even and owing no taxes. I would be liable only as an individual for the interest portion of the repayment. The downside, for someone like me, would be that I would have to come up with double the money as I can get a mortgage as individual with a 10% deposit, which raises to 20/25% for Ltds. There are also a number of other details to consider, for example, I would buy the first property to live in and a couple of years down the line I'd buy another one, could I let the interest grow on the laon without paying me back anything, and start servicing the loan only when a buy to let property is acquired? Techically I don't see why it should not be possible.

Keep a couple of Sovereign and Silver Britannia in the cookie jar to play with it 🤣

Take a page from eBay and be creative, put it right away on the market as an investment oppurtinity wih a tenant in situ 🤣 Good man, got to love the ginger metal. I had a look into this and I didn't like it, I'd rather consider buying in a cheaper area to get my feet wet.

I've got a straight razor and 2 boxes of blades, that's me done for a couple of decades 🤣 I have highligted the key point of the argument, what if. This is the key point of Dave, which I support. We do not say not to get into Silver, there are plenty of good reasons to do so, what we say is that, based on what you say yourself, to "store wealth" in Silver you are taking a gamble that the system that is keeping the price down will collapse and produce you a profit, unless that happens a pair of Doc Martens will appreciate more. By virtue of taking a gamble it can not be classified as a store of wealth but as an investment, with the risks relevant to an investment. This said, I'm off on the bike, you kids play good and don't slap each other 😛

Tuna is for tin stacking, potatoes are for ground stacking, if you grow them where you stacked the bodies they come out humongous! Unless you have a pond and you can stack real tuna but that would have to be a big pond.

I'd say depends on purpose, and knowledge. Stacking Sovereigns is easy enough to begin with, to go numismatic you have probably invested time to get to know what's what.

Cheers James, I would have liked the post, but I've been spammy today and ran out of reactions Cheers mate, I'll get there when I get there, the harder step is the first

Not that young mate, 46 in 4 weeks and I feel like I ****ed up most of my life, at my age I don't have have a family, house or business; when you're 20 you've got potential to offer, when you're nearly 50 you haven't got much potential and if you haven't got anything to show for you're toast. Please, don't see it as a self pity post, it is merely acceptance of my own faults and I have no shame of saying things how they are, if you want to address a problem you need to be honest about it, and this is me simply saying it how it is. I haven't said it for sympathy, I merely used it to point out how different views can be explained when you consider that we all different backgrounds. This said, I'm here because I've turned a page, I'm moving to Wales because I plan on buying there next year, I'm selling my Harley to get a deposit and in the next 12 months I should be able to have my place, if everything doesn't go tits up... I'm working on starting a business and I've joined the Silver Forum to better understand precious metals and stash some away, and met some interesting characters in the process, hell, I even decided to have a dip in the stock market and got a couple of shares of my bank, so that if I have have to complain I can say I'm a stockholder, it's just pocket change to get my feet wet, but if you would have told me 5 years ago that I would have owned silver, gold and shares of anything I would called you a lunatic. I'm a better man than I was and I am happy about the road I've taken, no regrets, but it doesn't change the past

We've got you covered! For the zombie apocalypse check the prepping thread with a nice display of crossbows and general silliness: As for stocking beans there was a thread somewhere where @GoldDiggerDave started listing all sort of items that appreciated better than silver through the years, beans included. I think it was in the "why is silver going down when inflation is up". Ever thought of stocking up on gold and beans instead of silver? 🤣 I'm going with spam and pemmican. I love pemmican, it's fun to do, tastes good and lasts forever. I do genuinely believe that we are about to see a 2008 on steroid, I commented on the topic in the inflation thread and all the signs are there. 2008 was started when mortgages were de-regulated to get everyone on the ladder and then they raised interest rates, now they've done the same, all sort of helps to buy have been given, then inflation started with the lockdowns and now interest rates are going up, in between those and the rampant bills we're about to see the proverbial hit the fan. Wouldn't we all prefer the zombies?

I haven't removed them from the frame, they still do the job.

Please, do as you feel, in the end opinions are like arse holes, we all have one and we're here to vent them. In the words of good ol' Bob, "the answer, my friend, is blowin' in the wind". Jokes aside, to me the whole "silver will explode" thing sounds like wishful thinking, it's like silver has been manipulated so far but, for some unknown reason, at some point this will no longer be possible, it puzzles me, if they've done it so far, why should they stop? What is the purpose? Too many questions. This said, we also have very different situations and I think that this is something that we tend to forget when discussing, you have properties and are looking at expanding your horizons, whereas I'm a moron that pissed his money down the drain and is now looking at starting from the ground up, in my little I need stability, which means being more gold focused as I can't really afford to bet much, but you already have a solid situation behind you which gives you more freedom to diversify and expose to risks, in your shoes I could be making the same choices.

I just don't like cities any more, as population increases you lose touch with your neighbours, ideally I'd love something that is essentially an overgrown cross road with a church and a pub, yes, everyone knows everyone and your business too, it's clickey and all that stuff, but folks say hello to each other. As for the weather, I'm about to move to Wales, don't touch the subject 🤣 On topic, don't let the silver hate crew discourage you from the lovely metal, one could say that the general consensus is that gold is preservation and silver is investment, as in, if you just want to preserve wealth get gold, stack sovereigns and britannias and you'll be a happy panda, with Silver you don't really have the same stability and stacking it isn't ideal, especially because you need to think about the storage required, on the other hand, if you fancy wasting some time into looking at what's coming out, some bits can appreciate in the long run, it's more of an investment with the collectors though, and investment means risks. It's so pretty though 😍 There's room for both, depending on the game you want to play. I have a budget way smaller than yours, in my little I'm focusing on Sovereigns first and I buy occasionally the odd silver bit that catches the eye, for example I so want one of those Korean shields with St Michael, glorious. Hope to find one next year when I have a bit more budget.

They are usually present in hard drives, if you have any old hard drive they are usually easy to dismantle.

Not saying hyperinflation happen in developed economies but history has a way of repeating itself. 😛 lol! Nearly moved up there. Went last year for an event and ended up passing by what I think was Heckmondwike, after some shouting and a few laughs with some ladies sitting outside the pub I thought I'd stop before riding back South, ordered a beer and I think I was charged like 2.30, went to the shop for fags and I think it was a fiver, when the landlady passed by I asked her if she had a room available cause I wasn't going back to Oxford 🤣 Loved the moors up there, some lovely walks, wouldn't mind nuking a few towns though, I'd do the same to London as well though to be honest, so it's not a Yorkshire thing, I just don't like cities. Had some good fun in Leeds, I still don't like it. By the way, welcome to the nuthouse and have fun collect... erm... I mean, investing in Silver and Gold.

↓↓↓ Making it more obvious. I have opened with "I have recently started dabbling with precious metal as a collector" as I wanted to ensure that, whoever read past the introduction, knew that I was talking about silver or gold coins, as opposed to cupro-nickel, and I clearly stated silver later on. I wouldn't discount the possibility that we could be dealing with a moron, still, I would give them the benefit of the doubt.

This was the email I sent, I clearly specified silver coins. "I have recently started dabbling with precious metal as a collector, I do travel abroad once or twice a year and I will probably be looking at local traders while vacationing. For reference, in my specific case I will probably come back with maybe 1 or 2 ounces in silver coins from whatever country I might visit, value is likely going to be under £100 and we are discussing collection. I have had a look at Customs information and I couldn't find clear guidelines on the topic, I would appreciate if you could give me clear information regarding limits applied and whether I can walk through with nothing to declare or if I do need to declare even the small quantities described above." By the way, I wouldn't want to say go ahead because I've asked and you're cool, merely reporting on what I have been offered myself, if in doubt, get in touch with them, nobody knows better, then print and if any problem is encountered it can be used on the spot. EDIT: re-reading your answer, when I say value I mean REAL value, not face value.

I remeber asking specifically about silver coins to HMRC and I was told that, up to 10k in value, there is no need to declare when entering the UK, so if he was to go to Norway to pick up some, up to 10k he'd be fine, since he is talking about silver I am assuming that he will go nowhere near the value, as that would mean flying with a monster box. There is a thread somewhere, I should really save it for future refence... edit: found

By what has been previously described, sounds the same as selling second hand pieces here in the UK under the special scheme.

I've done the same exercise yesterday, but couldn't be arsed to post in the end as the EU sites can be very confusing. Their shipping is expensive and their prices end up being not that good, I wonder what they mean when they say TAX INCLUDED. Similar prices on other sites, I found this: https://silvergoldbull.be/en/tax EU says that Gold has an exception, no mention of Silver: https://taxation-customs.ec.europa.eu/special-schemes_en The site he offered links to a a European law which I quote: https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32006L0112&from=FR "Member States shall exempt the following transactions: transactions, including negotiation, concerning currency, bank notes and coins used as legal tender, with the exception of collectors' items, that is to say, gold, silver or other metal coins or bank notes which are not normally used as legal tender or coins of numismatic interest;" This sounds to me like in use currency is exempt, while gold and silver are not as they not normally used as legal tender, reason why they had to vote for the above exception just for gold. Sorry for the wall of text, I was bored

I've got caught on this a few times, I take you meant that there is no VAT on bullion coins. To the best of my understanding, across all EU you are free from VAT on gold coins, however, the same status is not given to Silver, you have to pay VAT in every EU country, except for Estonia. You used to be able to buy from them VAT free, however, the EU likes taxes and recently changed it so that taxes must be payed based on the location of the buyer, so if you buy from Belgium you pay the Belgian value on VAT. I think you can still skip VAT if you purchase through an Estonian address and have a third party do the delivery and I recall reading something about Norway, meaning that you could have access to VAT free silver, but saying that in most EU countries there is no VAT is incorrect. I mean, give him credit to run a business that probably has to deal with the item on a daily basis...

Incorrect, it could also be simple market demand going down as, with the rise of inflation, people buy food instead of consumer items or precious good.

I seem to recall from a recent listing that the 1935 Crown could have some interest as it was George V Jubilee's Crown.