Estate Agent Fee's
Discussion
http://www.propertyindustryeye.com/advertising-wat...
Recent case against an agent for not showing percentage as inclusive..
Recent case against an agent for not showing percentage as inclusive..
How are they going to show the vat amount when it depends on the invoice amount, which depends on the price paid, which is not known at the start of the process.
I'ts not exactly brain science.
I'm amused to see that the firm in the case above are still quoting 0.9% + VAT on their website....
I'ts not exactly brain science.
I'm amused to see that the firm in the case above are still quoting 0.9% + VAT on their website....
Edited by surveyor on Friday 21st November 11:01
But they could back calculate the fee so that the 1% is VAT inclusive. Its just dishonest. My website has all the prices including VAT. It makes me look more expensive than some competitors but I personally hate it when you look at something and then you are hit with the VAT almost like a trick. We get the advantage of VAT back on stock etc so why try and hide the charging part at the other end?
surveyor said:
How are they going to show the vat amount when it depends on the invoice amount, which depends on the price paid, which is not known at the start of the process.
I'ts not exactly brain science.
I'm amused to see that the firm in the case above are still quoting 0.9% + VAT on their website....
Nor is it brain science to know that as VAT is a fixed percentage you CAN show your fees to include VAT as a percentage of sale price:I'ts not exactly brain science.
I'm amused to see that the firm in the case above are still quoting 0.9% + VAT on their website....
Edited by surveyor on Friday 21st November 11:01
1.5% -> 1.8%
1% -> 1.2%
0.8% -> 0.96%
and so on... It's dishonest IMO. We're consumers. The law states that B2C prices should always be expressed with the VAT included.
gregf40 said:
surveyor said:
How are they going to show the vat amount when it depends on the invoice amount, which depends on the price paid, which is not known at the start of the process.
I'ts not exactly brain science.
Oh dear.I'ts not exactly brain science.
Edited by surveyor on Friday 21st November 11:01
Still see why they are not keen to do it though....
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