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XT660X & XT660R General Discussions General discussion related to XTX & XTR Only

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  #1  
Old 11-06-18, 18:03
counce counce is offline
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XT660 vs CBR500R?

Hey I'm going to be selling my first bike (little YZF R125) and upgrading now that I have my A2 license (Afaik the XT660 would need limiting, however by not much at all). I'm doing around 10 miles a day and want something that can take what's left of British country roads without being super uncomfortable. I absolutely love the look of the XT660 but I'm still open to other options

My second concern - I work part time and so make extremely close to the personal allowance amount (see here) and I'm concerned about selling the other bike - it's not taxable is it? I only wonder because I don't pay tax with being a student and only working part time.

Cheers
  #2  
Old 13-06-18, 09:46
Gas_Up_Lets_Go Gas_Up_Lets_Go is offline
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Quote:
Originally Posted by counce View Post
Hey I work part time and so make extremely close to the personal allowance amount (see here) and I'm concerned about selling the other bike - it's not taxable is it?
You really need to put that question to the tax office as they know your personal details - however... selling your bike does not ordinarily attract any tax. exceptions would be if you were doing it regularly, as in a business or if you made some gains on the difference between what you paid and sold it for.

People sell their bikes and buy new ones all the time - I've never met anyone who paid any tax on it.

The CBX or XT-R/X, They are different bikes, I've no experience with the Honda (other than a dalliance with a NC750X), but they are super reliable and get good reports. The best thing to do is look around the dealers and see if you can have a test ride. The XT will be a little more difficult to get a test ride as you'll be looking at the second hand market, but always worth a try.

Personally... I'd go for the big single over the little twin, there is a better sound and improved road presence in my opinion. The Yam has a character that Honda just can't manage.
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  #3  
Old 13-06-18, 15:20
djw992 djw992 is offline
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Quote:
Originally Posted by counce View Post
Hey I'm going to be selling my first bike (little YZF R125) and upgrading now that I have my A2 license (Afaik the XT660 would need limiting, however by not much at all).
The XT660 natively makes the 35kw! I'm on an A2 myself with a Bandit 600 and an XTX, no restriction needed for the XT Country roads are where this bike shines imo. Soaks up the bumps well, and you get the instant torque of the big single, feels awesome accelerating out of corners. I haven't even mentioned the sound yet (with cans)!

My only real gripe with the bike is the fuelling at low throttle openings, though there are things that you can do to help with this - it's well documented on the forum. It doesn't stop me enjoying the bike, but it's just something to be aware of.
  #4  
Old 18-06-18, 16:35
bonjo bonjo is offline
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I take it you are not self employed and not in the business of buying & selling bikes to make a living.

Your tax is normally based on the money you earn: work, interest, capital gain and finally inheritance.


If your bike is a private purchase, selling it would not make you tax liable unless you make a profit beyond the capital gain tax.




From what you mention I don't think you need to be concern about tax on the sale of your bike
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