Theft of goods from car in driveway
Discussion
OP based on what you have said in your posts - especially the first ones - I believe HMRC would take the view that you are running a business and are a trader.
Have a read through this: https://www.gov.uk/government/publications/paying-...
"Selling goods or services
You could be classed as a trader if you sell goods or services. If you’re trading, you’re self-employed.
"What counts as trading
You’re likely to be trading if you:
sell regularly to make a profit
make items to sell for profit
sell online, at car boot sales or through classified adverts on a regular basis
earn commission from selling goods for other people
are paid for a service you provide
What doesn’t count as trading:
You’re probably not trading if you sell some unwanted items occasionally or you don’t plan to make a profit. You can’t use any losses you make as part of a hobby to reduce your tax bill."
Have a read through this: https://www.gov.uk/government/publications/paying-...
"Selling goods or services
You could be classed as a trader if you sell goods or services. If you’re trading, you’re self-employed.
"What counts as trading
You’re likely to be trading if you:
sell regularly to make a profit
make items to sell for profit
sell online, at car boot sales or through classified adverts on a regular basis
earn commission from selling goods for other people
are paid for a service you provide
What doesn’t count as trading:
You’re probably not trading if you sell some unwanted items occasionally or you don’t plan to make a profit. You can’t use any losses you make as part of a hobby to reduce your tax bill."
97lude said:
Not really a business as out of the 23 that were stolen, 7 were from my personal collection, 6 were to give to friends at cost price as I got them dirt cheap, 4 were ready to swap with my friend for some of his and 6 were on eBay to sell for £10-£15 a pair to subsidise my purchases... Like I mentioned in my previous post, it's also a hobby, not really in it to make profit, just a bit of beer money on the side! Would the insurance company still see this as business use and invalidate my entire claim or would they pay out due to the circumstances and the fact that I've got CCTV and receipts for everything?
Also, with regards to the declaration of profits to HMRC on my self assessment, I hardly think it's worth it if I'm making £20-30 a month profit which goes straight towards my own purchases.
Also, with regards to the declaration of profits to HMRC on my self assessment, I hardly think it's worth it if I'm making £20-30 a month profit which goes straight towards my own purchases.
97lude said:
Also another strange thing is that my passport was in my car overnight too. For some reason, they didn't take this or the 8th sitting next to it!
You keep your personal collection in the boot alongside six pairs you were to sell to friends, four you were going to exchange for some others (and do what with?) and six more you were to sell through eBay. So that's 12 pairs, plus possibly another four pairs, that you are selling. The profit from which is to spend on things for your consumption.If it looks like a duck...
Would it have been a different story had my watch been stolen from my car, or my wallet? The point is something belonging to me, which I paid for with my hard earned money, which I can justify they weren't all to sell on, has been taken from my car. Knowing that someone has gained access and watching them on CCTV footage going through my personal possessions isn't the greatest of feelings. I've suffered a financial loss which I hope to be compensated for by my insurers, some of the trainers which were stolen are selling for >£200 per pair due to their exclusivity. I had three of these taken, which I am only claiming my cost price of £55 as they were genuinely from my own collection.
Like I mentioned in previous posts, several were surplus to mine and my friends requirements which is why they were due to be sold. We regularly get together and swap our (brand new) trainers for each others as they have old and rare stuff that I like, I have new and cheap stuff that they like. I would imagine the majority of the people who responded to this thread are of a slightly older generation to myself and are unable to grasp the concept that some trainers are appreciating assets, or even understand that people, including myself, are passionate about footwear.
Like I mentioned in previous posts, several were surplus to mine and my friends requirements which is why they were due to be sold. We regularly get together and swap our (brand new) trainers for each others as they have old and rare stuff that I like, I have new and cheap stuff that they like. I would imagine the majority of the people who responded to this thread are of a slightly older generation to myself and are unable to grasp the concept that some trainers are appreciating assets, or even understand that people, including myself, are passionate about footwear.
paintman said:
OP based on what you have said in your posts - especially the first ones - I believe HMRC would take the view that you are running a business and are a trader.
Have a read through this: https://www.gov.uk/government/publications/paying-...
"Selling goods or services
You could be classed as a trader if you sell goods or services. If you’re trading, you’re self-employed.
"What counts as trading
You’re likely to be trading if you:
sell regularly to make a profit
make items to sell for profit
sell online, at car boot sales or through classified adverts on a regular basis
earn commission from selling goods for other people
are paid for a service you provide
What doesn’t count as trading:
You’re probably not trading if you sell some unwanted items occasionally or you don’t plan to make a profit. You can’t use any losses you make as part of a hobby to reduce your tax bill."
Having read my original post again, I can understand why people would assume I'm trading "for a living" as it isn't worded very clearly. I buy two or three pairs at a time from high street retailers such as Nike / Footlocker etc on sale, I don't buy in bulk from a single supplier with the intention of distributing in huge quantities. I have paperwork to support all my purchases which I have forwarded on to the insurer in the hope that they will agree with my position and reimburse me for my loss.Have a read through this: https://www.gov.uk/government/publications/paying-...
"Selling goods or services
You could be classed as a trader if you sell goods or services. If you’re trading, you’re self-employed.
"What counts as trading
You’re likely to be trading if you:
sell regularly to make a profit
make items to sell for profit
sell online, at car boot sales or through classified adverts on a regular basis
earn commission from selling goods for other people
are paid for a service you provide
What doesn’t count as trading:
You’re probably not trading if you sell some unwanted items occasionally or you don’t plan to make a profit. You can’t use any losses you make as part of a hobby to reduce your tax bill."
97lude said:
Went to a friends house on Saturday where a group of us got together, bought our trainers along and exchanged / traded with each other, didn't get a chance to bring them back inside, your honour.
Trainer party, wtf, i usually go down the pub with my mates 
, and i dont think one of them has the same size shoe as me..foreverme said:
Trainer party, wtf, i usually go down the pub with my mates , and i dont think one of them has the same size shoe as me..
As per my previous post:, and i dont think one of them has the same size shoe as me.." I have new and cheap stuff that they like. I would imagine the majority of the people who responded to this thread are of a slightly older generation to myself and are unable to grasp the concept that some trainers are appreciating assets, or even understand that people, including myself, are passionate about footwear."
At a guess, one would assume you fall into the category of "older generation"?
In answer to your question, your house insurance should cover stolen personal items from your car.
You may have a difficulty in convincing them a)they were there in the first place given the unusual quantity b)they were not part of business stock.
The only thing you can do really is give them a phone and ask. I personally think you'll be ok, the problem you may have however is what value they place on old trainers.
You may have a difficulty in convincing them a)they were there in the first place given the unusual quantity b)they were not part of business stock.
The only thing you can do really is give them a phone and ask. I personally think you'll be ok, the problem you may have however is what value they place on old trainers.
97lude said:
Drumroll said:
So why keep them in your car?
Went to a friends house on Saturday where a group of us got together, bought our trainers along and exchanged / traded with each other, didn't get a chance to bring them back inside, your honour.I have a novel idea,instead of having a trainer swapping session with your mates why dont you all just buy the trainers you like in the first place.
To increase your profits why not sell/swop baseball hats as well as most people I know who wear trainers also wear baseball hats.Its confusing as they wear their hats the wrong way round so do not know if they are coming or going.
It's clear a day that these have been bought as "stock"
So this claim won't becovered.
If you are going to make a claim on your house insurance you need to get your story straight, as successfully pulling off insurance fraud is getting more difficult. And this claim will stick out like dogs balls, so questions will be asked.
On the positive, you probably won't get a record if caught as the insurance companies can rarely be bothered to inform plod.
So this claim won't becovered.
If you are going to make a claim on your house insurance you need to get your story straight, as successfully pulling off insurance fraud is getting more difficult. And this claim will stick out like dogs balls, so questions will be asked.
On the positive, you probably won't get a record if caught as the insurance companies can rarely be bothered to inform plod.
desolate said:
If you are going to make a claim on your house insurance you need to get your story straight, as successfully pulling off insurance fraud is getting more difficult. And this claim will stick out like dogs balls, so questions will be asked.
This. Saying you have 2 pairs of trainers in a gym bag with a total value of 1k would maybe seem possible, saying you have 23 pairs of trainers with a total value of 1k is going to be questioned.Not that i'm suggesting you lie of course, just phone them, tell the truth and see what they say.
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