Discussion
Question regarding VAT on vehicles.
Bought a commercial vehicle & paid VAT on the purchase price 2 year ago.
Used said vehicle as private car.
Now wanting to sell, do I have to advertise purchase price + VAT if so what happens to the VAT paid to me on the purchased price?
OR
Do I advertise with just a purchase price & take a hit on the original VAT paid??
Bought a commercial vehicle & paid VAT on the purchase price 2 year ago.
Used said vehicle as private car.
Now wanting to sell, do I have to advertise purchase price + VAT if so what happens to the VAT paid to me on the purchased price?
OR
Do I advertise with just a purchase price & take a hit on the original VAT paid??
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