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Expert Lu
Expert Lu, Business Consultant
Category: Tax
Satisfied Customers: 508
Experience:  ACCA Diploma
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I have a motorcycle that an oversea friend is interested in.

Customer Question

Hi, I have a motorcycle that an oversea friend is interested in. I told him I'll do a swap for one of his motorcycles, no money will change hands and he will pay for both transports (my bike to his place in the USA and his bike in the USA to my place in Cheshire. What is my position on a tax point of view?
JA: Have you talked to a tax professional about this?
Customer: No, I do not know who to ask for.
JA: Is there anything else the Accountant should know before I connect you? Rest assured that they'll be able to help you.
Customer: Not sure what you mean by anything else...
Submitted: 11 days ago.
Category: Tax
Expert:  Expert Lu replied 11 days ago.
Hello and welcome.
Expert:  Expert Lu replied 11 days ago.

I am an expert with Just Answer and I am happy to assist you with your question.

Expert:  Expert Lu replied 11 days ago.

I am currently reviewing your question and I will get back to you.

Expert:  Expert Lu replied 11 days ago.

Thank you in advance.

Expert Lu.

Expert:  Expert Lu replied 11 days ago.
Hello and thank you very much for your patience, after reviewing your question if this is a private sale you will not be obliged to any tax on the swap.
Expert:  Expert Lu replied 11 days ago.

I hope this answers your question.

Expert:  Expert Lu replied 11 days ago.

Please kindly feel free to ask if you need me to clarify my answer.

Expert:  Expert Lu replied 11 days ago.

Thank you for using our services.

All the best .

Expert Lu .