Scammers are aggressively targeting the retro bike community.

Just a reminder of the point of this thread. To notifiy people that scammers are actively targeting this community (currently via Facebook) but it might spread. There is a simply solution, do not send payments via unprotected sources, unless you know the person can be trusted. If they are recommended by others, check them out to.
 
Not just via FB, they have been targeting this site for quite a while also, along with most the cycle industry. I think that posts like this do help to keep people vigilant though 👍
 
Yeah, we've gotten a bit off track in here.

Naming and shaming interactions we've had with other members of the forum over offers and selling preferences doesn't seem overly productive...

At the end of the day, he who has the component holds all the cards!

I agree, the item in question was overpriced, and everyone is entitled to make an offer on something, I do it all the time. But I wouldn't be stoked if someone aired my dirty deal-making laundry on here!

And I'm not keen on the lecture on not using F&F and it being dishonest somehow, either. No one needs that.

It's up to both parties in any transaction to figure out what works for them, and what doesn't, and calculate the implied risk/reward accordingly.

I'm not about to start criticizing people who decide on one way over the other.

Paypal is a scam and only getting worse. And I prefer not to pay their fees, if I feel safe in the risk of not doing so. So I understand when someone lists a sale as F&F only.

That said, if I'm selling and someone wants to pay for extra safety net, I totally understand and I'm all for it.

I think with PayPal filing all our sales/purchases with the government moving forward, it probably won't matter much anymore. People will figure out another way to exchange money for goods.
 
Ah it's the suttle point tho of the choice with PayPal....
f+f or " goods " and " services " 😉 hence my description of musk as a cunning unit! He is highly intelligent very forward thinking two qualities which don't actually have to correspond with trustworthy!
Stateside next year the limit drops by 19400 dollars a year before taxable income....to 600dollars. So you think we're not going to get that in ol'blighty ?
There's already a £1,000 limit on 'hobby income' before it becomes taxable over here.
 
Which is easy to offset against any purchases which are kept if you get my drift. In fact I bet most are in a negative with this hobby
It's a little more complicated than that. If gross income (not net profit) is above £1,000, it is classed as taxable income, meaning it should be declared to HMRC so that it can form part of their calculation of the tax you should pay. Whether you actually have to pay any tax on that taxable income is another matter and depends on overall income, profits made, etc. Isolated sales of items for over £1,000 don't count as hobby income but if you are selling regularly it might well do. The underlying idea is that people ought to be able to sell items they own, like their car, without paying income tax on the sale; but if they turn buying and selling items, like cars, into an income stream, they should be liable for tax. If you sell a couple of bikes that you've had for a while and receive over £1,000 for the two, I wouldn't worry about it. If you're regularly buying bikes to split and sell for parts, that's an income stream. How you choose to spend that income stream, e.g, whether that's on more bikes or something else, doesn't alter the fact that it's an income stream and possibly taxable. There is a grey area but be mindful.
 
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