Olympic torch to be sold at auction house after eBay 'hoax'

“@ SimpleStan

The "kernel" is actually "colonel".

You find a kernel in a nut.”

“@Fishpondsman

You'll notice i didn't actually mention money she "almost" got or that i "hoped she wouldn't have to pay capital gains". If you're going to reference my posts please do so correctly.

My point was that if she sells it for more than £12,360 she will end up having to pay some CGT on it even if it is a charitable donation.
http://tinyurl.com/7ay7vux

You can try to justify calling her greedy by making the 10% comment as many times as you like, but the fact is you have no evidence to back up your claim and rambling on about how a website works doesn't qualify as proof.”

“Re: by Bristol1978

Tax return as you mentioned you hoped she wouldn't have to pay capital gains. When you complete a tax return there is a box for charity donations, can't remember what the limit is but you get tax relief on charitable donations. But as with everything else if you haven't actually received the money no tax to pay. When I complete my tax return I don't mention income that 'almost' came in or income that might be coming in the next financial year.

On the original live listing (before it was purchased and completed) the 10% donation was highlighted. When you produce an eBay listing you have the option of highlighting the charity box. That charity box then comes out on the eBay listing as a little symbol (like a flower type thing). When the listing was live that charity symbol was on the listing. When an eBay listing ends certain information is no longer displayed on the 'listing ended' page.

I don't really care one way or the other, more a comment on a complete non-story the journalist or the person in the story had clearly put zero thought into any of it and how easy it is to get in the paper. I personally would have been rather embarrassed, what's next I replied to the Prince in Bahrain and haven't received my $1.8m yet.

I'm also stuck at my desk today and it gives me a break every now and again.”

“I once received a letter from a kernel in the Nigerian army who had £29,432,850 sitting in a bank account that had been forgotten. The government were going to knock down a supermarket and build a big war memorial so they put the money in the bank but then the whole thing was cancelled. He was going to transfer it to my account with Nat West and then we were going to split it fifty fifty. I was planning to use my share to help Rovers build a new ground and ask them to name a stand after me. But my reply must have got lost in the post because I never heard from the kernel again though I did change addresses after my house got repossessed.”

“Who cares whether she was trying to sell it or not, the proceeds are to be for a good cause. However, is she broken or something? Over £150k bid and she never once thought, 'hmmm, I might be getting shafted here'. Cretin.”

“@FishpondsMan

Funny that, every other news source has reported that she was selling the torch (a torch she apparently would have had to buy herself first) to raise funds for the community project that won her a place in the relay, even the projects website says that is why she is selling the torch and yet you are the solitary person that has apparently seen her claims to be donating only 10% of the proceeds, a claim which can't be verified with any evidence.

As for knowing what a tax return is, yes i do, whats your point? Or are you trying to deflect from your failed earlier point in which case i apologize for drawing attention to it again.”

“I don't understand why people care if these people are selling it. It's up the them, remember the Olympics are brought to you by Mcdonalds and Coca Cola! So it seems very much in the spirit of current IOC. Oh and LOCOG plan to sell the remaining ones anyway to recoup the money from people who chose not to buy them.”

“Re: by Bristol1978
"just hope it doesn't sell for too much and she ends up being stung for capital gains tax"

Do you know what a tax return is?”

“Re: by Bristol1978

Just checked the listing the 10% to charity option is removed when the item is sold (the 10% charity option is set up by eBay for you add to your listings, hence doesn't show when the item has been sold)

Funnily enough no mention of giving 100% to charity in the custom description, my guess is once she had whined to the BEP she had better say it was for charity.

If you were listing an item that you planned to give 100% of the sale to charity, would you mention it?”

“You never get the best price in a fire sale.”