Nissan Navara - VAT

Honest John Back Room » Motoring discussion
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Sun 7 Feb 2016 19:22
Nissan Navara - VAT - coolT

I am a regular guy who bought a truck and paid VAT on it. It was a second hand truck that i used for nothing other than trips to the dump and leisure use etc. I do not own my own business and just have a regular paye job.

I am now selling the truck as it is not what i want. What do i need to do/know about doing this. i.e. Do i charge no VAT or do i charge what i think is a price that i paid that included the VAT amount. If i look at the value of the vehicle online it gives a value that doesn't include the VAT that i paid on top of the cost of the vehicle. I have had the vehicle about 6 months.

Any help much appreciated

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Sun 7 Feb 2016 19:42
Nissan Navara - VAT - gordonbennet

As a private buyer i'm afraid the VAT is the same as if you'd bought a normal car, its gone, the price you sell it for is the amount you put in your back pocket, no VAT chargeable.

Hopefully you'll get a good price for it, i was astonished how much i got for my Hilux at 3.5 years.

I used ebay to sell mine, lots of pics, truthful write up, sold easily for strong money.

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Sun 7 Feb 2016 23:02
Nissan Navara - VAT - RobJP

As GB says. Unless you are VAT registered with HMRC, then you sell it at an 'all-inclusive' price. You do NOT charge VAT on top of the price, you do not account for the VAT portion of any sale.

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