English Forum Switzerland

English Forum Switzerland (https://www.englishforum.ch/forum.php)
-   Transportation/driving (https://www.englishforum.ch/transportation-driving/)
-   -   VAT on privately purchased used cars (https://www.englishforum.ch/transportation-driving/15036-vat-privately-purchased-used-cars.html)

bozothedeathmachine 13.11.2007 09:08

VAT on privately purchased used cars
 
Hi all. I tried a search on this, but got nothing.

I'm looking to purchase a used car from an individual. Is VAT required on this purchase? If so, where is it paid? Also, it is paid on the price of the car or the value of the car? If it's the value, who decides the value?

I am just starting to wade into the ocean of confusion that is purchasing a car here. This is probably the 1st of many posts. Next up: securing financing.

Thanks

Shorrick Mk2 13.11.2007 09:14

Re: VAT on privately purchased used cars
 
Quote:

Originally Posted by bozothedeathmachine (Post 131683)
Hi all. I tried a search on this, but got nothing.

I'm looking to purchase a used car from an individual. Is VAT required on this purchase?

No, it is not.

Lob 13.11.2007 09:16

Re: VAT on privately purchased used cars
 
Quote:

Originally Posted by Shorrick Mk2 (Post 131685)
No, it is not.

but you will pay VAT if you lease a 2nd-hand car (the lease is taxed). That's a point to note ;)

bozothedeathmachine 13.11.2007 09:20

Re: VAT on privately purchased used cars
 
I'm not looking to lease. I would be securing a private loan then purchasing the car from the individual in one fell swoop.

Lob 13.11.2007 09:38

Re: VAT on privately purchased used cars
 
Quote:

Originally Posted by bozothedeathmachine (Post 131688)
I'm not looking to lease. I would be securing a private loan then purchasing the car from the individual in one fell swoop.

but if someone else bothers to search and find this thread, they will find that interesting bit of information right in front of them ;)

bozothedeathmachine 13.11.2007 11:16

Re: VAT on privately purchased used cars
 
Quote:

Originally Posted by Lob Rockster (Post 131696)
but if someone else bothers to search and find this thread, they will find that interesting bit of information right in front of them ;)

Awww, Lob. Always thinking ahead.


All times are GMT +2. The time now is 12:55.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0