Lee-Man

Contact Paul @ bass matters. He’ll be able to put you on the waiting list for one. 

Brought a pickup from @Etienne. Super easy to deal with. 

Bargain, wish I'd spotted this earlier! 

Played this at the Midlands Bass Bash this past weekend. I was blown away, its a really lovely instrument. 

Lovely to see everyone as usual. Its a fun event. Sorry the boy and I had to bounce so early. Thanks to @Si600 for all the work he puts in to it. 

@Jabba_the_gut you're too kind sir. Your basses are ace. That fretless is great! 

@Andyjr1515You may have inspired me to get my DIY on! 

Has any one brought a Jodi vac, struggling to find them in the UK? 

I'll be there, prob only make it for an hour or so. 

I'm hoping to make it down with the boy. I'll bring my '59 P Bass if anyone would like to check it out. 

On 04/04/2018 at 10:25, Oldman said:

Done.

Shall I bring this?

 

Yes! 

Should do. The  administrators want to make sure orders are completed where possible as they get paid from the proceeds. 

Maplin are worth checking, they have 40% off music production stuff 

I loved that black midwestern. Finding it very hard to resist! 

Super helpful and as described, thanks Jono! 

Deal with confidence guys. 

Played a couple at the show last weekend. Totally blew me away. Will be ordering one at some point. 

Btw the Trickfish amp it was plugged in to was also impressive. 

2 hours ago, Sibob said:

I have to this year as I have a gig after, and i’m not leaving it in the car!

Si

Same here

Brought a vintage Fender from Dan. Lovely bloke, easy to deal with and gave me great confidence in the bass. Deal with confidence. 

Peter brought a cab from me today. Super easy to deal with + good communication throughout. Good gear geeky chat to boot  

Worth keeping your eye on Gumtree. Here's the local one: https://www.gumtree.com/music-instruments/leicester

1 hour ago, Happy Jack said:

 

 

In this scenario, McBass should certainly go with what his accountant has told him, if only because if it all goes horribly wrong then he can claim against the guy's Professional Indemnity insurance. Sad, but true.

Meanwhile, and I ask this entirely hypothetical question in a pure spirit of enquiry, were one to claim £5000 against income tax because one had just bought a 1965 Fender Precision, then one would avoid paying at the very least £1000 in income tax.

Were one then to sell said 1965 Fender Precision for £6000 (because these things tend to appreciate over time) would one declare that as a capital gain and pay capital gains tax on it? I'm guessing not. 

Were one then to sell said 1965 Fender Precision for £5000 (because these things tend not to appreciate as much as one might like) would one reverse the previous claim against income tax and pay the at least £1000 income tax on it? I'm guessing not. 

So that's tax evasion then.

Just saying ...

I don't work for HMRC, and I have absolutely no 'moral stance' on this. But sometimes it's worth actually thinking through these scenarios.

 

I would reverse the previous claim and pay the tax based on the profit I'd made. I don't think I'm smart enough to evade the tax man. Plus I believe in a social system where you give what you should and take what you need. Evading HMRC doesn't sit well with me. However, I also appreciate that not everyone shares my thoughts on this. But then, thats up to them. 

Things get rather muddy if I brought said bass new in 1965 (lets say for equivalent £1k). Claimed WDA as it depreciated. Retired in 2013 and sold bass for £5k as I no longer needed it. I see how that would work in principle, but is there some kind of time limit placed on this or is it a grey area yet to be tested (I appreciate this wouldn't work for other trades)? 

5 minutes ago, leftybassman392 said:

Not sure he'll thank me for saying this, but Jack is an accountant.

I'm not, but I am good at Maths and did do my own accounts as a self-employed musician for around 15 years.

Thats cool. And I'm not saying he's wrong (as I said in my post). I do still stand my advice that seeking professional advice is best.

Jack obviously knows his onions. But, there will be other advice on this forum that is less qualified (such as mine for example and some of the other posts). As there is no way of differentiating between posts seeking advice directly from a qualified professional is prob the best thing to do.  

This may help: https://www.musiciansunion.org.uk/Home/Advice/Your-Career/Tax/Capital-Allowances

Wouldn't a new bass come under annual investment allowance (AIA)? Also, isn't it a depreciating asset until/if you sell (if you go for depreciation instead of AIA)? Then you'd need to declare the difference (loss/profit) in the tax year you sold it? If you intend to buy then sell later for profit then it would be treated as an investment/stock and you may treat it differently. 

Regardless, I think you should seek professional assistance with this. Not suggesting anyone is wrong. Its just your better getting qualified advice in such matters as getting it wrong will cost you in the pocket. I use an accountant, safer that way. 

I expect me and the boy might make an appearance again this year. 

They are in horrific debt. $520 million to be precise. $145 million is secured and due in July 2018 and the remainder is a credit note that comes to maturity in August. They've sold 3 good properties in the last month or so, but these won't be finalised in time. Moody's have lowered their credit rating. It's hugely unlikely they will secure the funding they desperately need. 

There's multiple reasons for this situation. Using credit to expand in to tech companies and poor, short sighted senior management seems to have caused most of them. 

Plenty of commentary in the MI & financial blogs/press: http://bobbyowsinskiblog.com/2017/08/31/gibson-shakeup/

Enjoy, great amps!