Hello everyone just after an average of what people pay to store there caravan. I store on a Gold CASSOA site and it goes up each year, last year it went up to £490. I have received a letter saying there will be an increase of £200 which will mean total for twelve months will be £690. I have been told it's to do with capital gains tax. Just wandering how much others pay ? Thanks.
We store with a local dealer, who has a storage facility at the rear - monitored by cameras and with a resident warden. Not a CASSOA site so far as I am aware. Current cost £400.
------------- Freedom is a light caravan and an open road.
Discounted Insurance Quotes for UKCampsite.co.uk visitors! Up to 12.5% off!
Agri I suggest you read up what capital gains tax actually is! https://www.gov.uk/capital-gains-tax/rates it has little to do with him putting his prices up by such large amounts, that is what is known as pure greed!
I pay around £400 but this hasn't increased for about 5yrs as far as I can remember. Not sure what capital gains tax has to do with it. I'am guessing that the storage company can charge what they like.
------------- Just saying
If all is not lost where is it then?
We're on a CASSOA Gold site that has the added bonus of being less than 2 miles from home. Annual fee has just gone up from £325 to £350. Very secure, lots of cameras, electronic key fob access system, number plate recognition, on-site caravan servicing and valeting company, the works. I think we're pretty lucky!!
I've just renewed mine at £690 p/a for a 6.8m caravan on a CAMHC site that is very secure and you can get discount on insurance because of it's security levels. It went up by £20 from previous year and a similar amount for the year before that.
Considering where in the country you are, your new fee seems extortionate, my van is on the outskirts of London where NOTHING comes cheap, but the storage fee is in proportion and competitive.
I've heard of other cases where independent/CASSOA sites have dramatically increased, even doubled fees, for seemingly no other reason than they can!
Capital Gains Tax is a personal tax on profits of disposed assets, can't see how it's relevant to a operating business!
Thanks from what I've been told it has something to do with the ownership/land passing to son hence the capital gains tax. The site is just literally 100yds from my house, it was surrounded by fields but all that is being built on so will be surrounded by housing. That in itself has pushed price of the land up but they wont sell it, they have opened a caravan parts and accessories shop up last year and to be fair it's cheapest around. Still a big jump up in storage price though.
Quote: Originally posted by bobmel on 23/1/2020
£220 full CCTV, recorded entry and gates that would stop a tank.
Doubt it.
------------- XVI yes?
As well is two words!
How does a sage know everything about everything? or does he? or does he just think he does?
Remember, if you buy something you bought it, not brought it.
Capital gains will be payable on the price difference between the properties original price, and the price at transfer. So if £10 when purchased but now £30, then CGT would be payable on £20. There is an allowance, but it is tiny.