Is my car VAT qualifiable?

Is my car VAT qualifiable?

Author
Discussion

T33JOB

Original Poster:

188 posts

169 months

Thursday 24th February 2011
quotequote all
Hi, quick question I gues

I'm selling a car for a customer of mine, just on PH classifieds, and ivr been asked if the car is VAT qualifiable?

I have no idea, what does it mean?

The chap is from Hong Kong so I'm guessing it's wanting to be purchased and taken over there, so can someone help

Thanks

E30M3SE

8,468 posts

197 months

Thursday 24th February 2011
quotequote all
Unless your customer is a lease co, hire co, chauffer co, a car dealer/service oulet and the car is a demo/service loan, etc, then it is highly unlikely it will be a VAT qualifiing car.

markcjd

1,416 posts

188 months

Thursday 24th February 2011
quotequote all
Did the owner reclaim the VAT when they purchased the vehicle? If so then VAT will apply to the sale of the vehicle too.