One for Eric et al- VAt on solicitors costs
One for Eric et al- VAt on solicitors costs
Author
Discussion

pugwash4x4

Original Poster:

7,682 posts

251 months

Wednesday 5th September 2007
quotequote all
Why is it that (apart from it being illegal) a solicitor can charge VAT but a business cannot reclaim this VAT?

by what warped logic is it a solicitors fees for selling my business now wholly and necessarily an essential part of my business?

Eric Mc

125,770 posts

295 months

Wednesday 5th September 2007
quotequote all
VAT is normally recoverable on ALL costs which relate to your business - including capital costs. Why do you think you cannot recover this VAT?
Do you know what section of the VAT regulations blocks VAT recovery on the sale of a business?

blindswelledrat

25,257 posts

262 months

Wednesday 5th September 2007
quotequote all
Presumably you are selling the business as an individual, not actually the business selling itself hence the bills should be to yourself who is not VAT registered?
Does that work?

Eric Mc

125,770 posts

295 months

Wednesday 5th September 2007
quotequote all
That sounds like a plausible explanation.