hi :)
I'm going to be selling off my current car and buying a cheap commuter and a Z3 M, however I have concerns with selling off the old car. I bought it via HP and paid the ownership fee thing, and now will be selling it - will I incur tax on this? I don't have a clue how it works. I've looked at this tax tool and I'm only concerned as I'll be close to the next tax bracket if I raise my income much more.
I'm going to be selling off my current car and buying a cheap commuter and a Z3 M, however I have concerns with selling off the old car. I bought it via HP and paid the ownership fee thing, and now will be selling it - will I incur tax on this? I don't have a clue how it works. I've looked at this tax tool and I'm only concerned as I'll be close to the next tax bracket if I raise my income much more.
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