Donate SIGN UP
Home > Business & Finance > do you pay VAT on a second hand car?

do you pay VAT on a second hand car?

Avatar Image
waiglet | 18:45 Thu 10th Mar 2005 | Business & Finance
7 Answers
do you pay VAT on a second hand car?
prev Mortgages from European banks?
  
next Landlord Witholding Deposit
Gravatar

Answers

1 to 7 of 7rss feed

Best Answer

No best answer has yet been selected by waiglet. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
Avatar Image JOEYSHABADO
no.
01:26 Fri 11th Mar 2005
Avatar Image Bangkok
If you buy it from a VAT registered dealer, they would charge you VAT.  If you bought it through a private sale you would not be charged VAT.
03:24 Fri 11th Mar 2005
Avatar Image stevie21
If you buy it on ebay you may pay VAT although I might just be making this up.
08:49 Fri 11th Mar 2005
Avatar Image JOEYSHABADO
why would they charge you vat on a second hand item?
10:16 Fri 11th Mar 2005
Avatar Image ann_h
That's why it's only applicable to a dealer - the VAT applies to the PROFIT made
11:46 Fri 11th Mar 2005
Avatar Image JOEYSHABADO
Nope, VAT applies to revenue.The VAT goes on the selling price, which is revenue. Not profit.
14:27 Fri 11th Mar 2005
Avatar Image Oneeyedvic
If the car is "VAT qualifying" - usually when bought from a leasing company - then yes, VAT is payable. It usually applies only to leased cars where a company has claimed back the VAT as the car was being used as a company car.
09:22 Sat 12th Mar 2005

1 to 7 of 7rss feed

Do you know the answer?

do you pay VAT on a second hand car?

Answer Question >>

Related Questions

Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.