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Big four not guilty….

Following on from a previous article we wrote about the “big four” supermarkets and the effect that they are having on local businesses the commission has made the following suggestions :

  • Force some stores to sell ’spare’ land in areas lacking in competition.
  • Ban stores from using legal tactics to block land purchasing.
  • Relaxing planning law to allow more out of town developments but subject to tight controls .
  • Apparently the findings also suggested that 2,000 local stores are closing a year, but the supermarkets are not having an effect, no comment!! What do you think?

Do you supplement your income with selling on EBay?

Have you ever wondered about the tax implications of selling your personal belongings on ebay, I know that as student I would have used the site for every christmas present and cd I’d received as gifts for beer tokens!!

Well to put your mind at rest for less than £6,000 any profit you make is tax free and won’t eat into your £9,200 capital gains tax allowance. The items (chattels) include watches, clocks, coins (old ones), furniture, books (though try to do this at the end of term!!), silverware and ceramics. If any of you are still sitting at your desk reading this it does also extend to cars, lorries and motorbikes if they are purchased as an investment (private sale is always excempt).

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