Welcome, Guest. Please Login or Register
 
  HomeHelpSearchLoginRegister  
 
  Dragon2000 Motor Trade Forum › Motor Trade Forum › Free Stock Book Support › Selling price same as SIV???
(Moderator: Dragon)
‹ Previous Topic | Next Topic ›
Page Index Toggle Pages: 1
Send Topic Print
Selling price same as SIV??? (Read 1144 times)
Performance Cars
Dragon Newbies
*
Offline



Posts: 14
Selling price same as SIV???
Nov 16th, 2007 at 7:00pm  
If anyone could advise me as I'm selling a car on behalf of a very good friend and one good turn etc etc

I'm selling her car and obviously don't want to have to pay VAT, If I enter the purchase price as £9000 and retail as £9000 obviously I'm not making anything so should I be ok. There are no costs as its still under Manufactures Warranty.

Thanks

Cp
Back to top
 
 
IP Logged
 
Matthew
Dragon Newbies
*
Offline



Posts: 46
Gender: male
Re: Selling price same as SIV???
Reply #1 - Jan 6th, 2010 at 12:33pm  
If the selling price is exactly the same (or less) as the buying price you will have no Margin VAT to pay. Of course, if you incurred any costs to advertise/prep the car, you would not be able to recoup these charges within the selling price without incurring Margin VAT.

As you said, Buy and Sell for £9000 and there is not VAT incurred.

Regards,

Matthew
Back to top
 
 
IP Logged
 
Page Index Toggle Pages: 1
Send Topic Print
‹ Previous Topic | Next Topic ›
  « Home ‹ Board Top of this page

Dragon2000 Motor Trade Forum » Powered by YaBB 2.4!
YaBB © 2000-2009. All Rights Reserved.