We are the idiots ...

TheBaldOne · May 22, 2020

That's right 'we are the idiots'.

Why is it that the vast majority of us do not develop our domains into websites.

- Is it cost?
- Is it time?
- Is it lack of knowledge on the domain subject?
- Is it not knowing where to start building a website?
- Or is it because of laziness and just after a quick buck by reselling the domain name without doing any work?

Of course there is another option that should be added to the list, or is it because we do not think our domain names are not as good as we try to convince others that they are and 'they' should develop them into a website?

Of course we all know that a developed website with visitors is worth far more from affiliate income or even the sale of the website than just the domain name by itself that might be able to be turned into such, but very few domainers actually go on to develop websites on their domain.

Even if you cannot develop a website yourself through lack of knowledge on the subject (which can be learned anyway), or lack the ability to build a website (there are loads of programs to help you on the web), then you can hire people to do it for you from website designers to content writers they are all available for hire.

Come on be honest. Why do you not develop the domains you own?

MadAboutDomains · Jun 21, 2020

The facts are laid bare for all to see. It has nothing to do with assumptions made, you could have responded to any of the points raised but you've chosen not to. The link you gave me validated my suspicions and enquiring isn't a crime.

No reasoned discussion. I feel sorry for you. Have a nice day.

maxjohan · Jun 21, 2020

Ok buddy. But what was it that you wanted to talk about. I didn't get what it was you wanted to discuss. That I am not paying my taxes as I should? I've never paid for capital gains taxes. Just that I thought I could maybe do it in the future. Besides I'm losing money with my domaining.

The ignore-filter didn't work as I had an old tab with the same thread.

maxjohan · Jun 21, 2020

MadAboutDomains said:
If you're buying something with the intent to sell it, it's not capital gains its called trading.

So What is a capital investment in a domain then, is there no such thing according to you??? Did you read the page I linked to?

Sales of individual domain names whose value you have not worked up, but only purchased as a capital investment and which are not included or linked to the business activities you carry on, are included in the income type capital as sales of other assets on form K4.

MadAboutDomains · Jun 21, 2020

maxjohan said:
So What is a capital investment in a domain then, is there no such thing according to you??? Did you read the page I linked to?

My previous post not only references the page, but was purely in relation to what you linked me to. I broke it down to you with great precision.

If you can't be arsed to reply with anything that makes any sense then I have nothing more to say.

Your sales cannot be classed as capital gains as defined by the link you provided or by any juristiction that I'm aware of because it makes no sense. The reality is that you can't buy and sell things for profit and class it as capital gains.

The page that you linked me to solidified the points that I made previously.

Have a nice day.

maxjohan · Jun 21, 2020

Ok. I guess we just have to agree to disagree.

Have a nice day.

MadAboutDomains said:
My previous post not only references the page, but was purely in relation to what you linked me to. I broke it down to you with great precision.

If you can't be arsed to reply with anything that makes any sense then I have nothing more to say.

Your sales cannot be classed as capital gains as defined by the link you provided or by any juristiction that I'm aware of because it makes no sense. The reality is that you can't buy and sell things for profit and class it as capital gains.

The page that you linked me to solidified the points that I made previously.

Have a nice day.

MadAboutDomains · Jun 21, 2020

Yep, you're disagreeing with me and more importantly with the laws of your own juristiction as outlined in the link you gave me.

maxjohan · Jun 22, 2020

MadAboutDomains said:
Yep, you're disagreeing with me and more importantly with the laws of your own juristiction as outlined in the link you gave me.

And you think you have a clue about the laws around here? You seem to have some type of biases against paying as much taxes as possible. I find a lot of old men have this on personal finance forums. They are super-pro taxes and think everything is under "the taxed to death" bracket.

MadAboutDomains said:
3. A business that sells a single domain that they haven't worked on (IE haven't developed or expended labour on) and the domain is not linked to the business activities that are carried out by the person can be declared as "capital gains"

I sell as private person and not as a business. Do you get this? That's is what 3 is all about. That you are a private person and not a business. Meaning, I have my domain names under my full name and not under a business.

maxjohan · Jun 22, 2020

MadAboutDomains said:
Your sales cannot be classed as capital gains as defined by the link you provided or by any juristiction that I'm aware of because it makes no sense. The reality is that you can't buy and sell things for profit and class it as capital gains.

I mean you're so clueless it's not even funny. It's like you can't even read. I'm done with your biased ass. And putting you on ignore now. I have a headache arguing abut this crap. Good bye.

Sales of individual domain names whose value you have not worked up, but only purchased as a capital investment and which are not included or linked to the business activities you carry on, are included in the income type CAPITAL as sales of other assets on form K4.

MadAboutDomains · Jun 22, 2020

maxjohan said:
I mean you're so clueless it's not even funny. It's like you can't even read. I'm done with your biased ass. And putting you on ignore now. I have a headache arguing abut this crap. Good bye.

If you read the responses before you replied you'd be a lot better at this.

The third sentence that refers to CAPITAL is talking in relation business activities. You can claim it as CAPITAL if you are a BUSINESS, but the sale of the domains isn't in relation (or not) to your BUSINESS activities because YOU ARE NOT A BUSINESS.

Calling someone dumb doesn't enhance your argument. I'd suggest that you wrap your head around your own arguments before you reply again.

MadAboutDomains · Jun 22, 2020

Setting aside for a moment that you can't work out whether you're a business or not...

None of the scenarios outlined on that page say that you don't have to declare your earnings in relation to the domains you sell.

Whether it's a hobby, your business activity, or a capital gain made in relation to your business they all have to be declared. So your original point about the accounting burden of being a business is a moot point.

If you go over the threshold then all aboard the accounting train. Choo choo!

maya-zir · Jun 23, 2020

i got 60k euros from my developed sites in just 16 months (ads + sponsored posts).

We are the idiots ...

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Why work when domaining is so easy and it will make me a millionaire within the year

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