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

do you pay VAT on a second hand car?

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waiglet | 19:45 Thu 10th Mar 2005 | Business & Finance
7 Answers
do you pay VAT on a second hand car?
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Avatar Image JOEYSHABADO
no.
02:26 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.
04:24 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.
09:49 Fri 11th Mar 2005
Avatar Image JOEYSHABADO
why would they charge you vat on a second hand item?
11:16 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
12:46 Fri 11th Mar 2005
Avatar Image JOEYSHABADO
Nope, VAT applies to revenue.The VAT goes on the selling price, which is revenue. Not profit.
15:27 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.
10:22 Sat 12th Mar 2005

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