buying a demonstrator car

Posted by: neil w on 08 August 2004

anybody know whats the deal on the vat ?
should i be paying the vat as though its a new car because realistically its second hand

any advice appreciated

neil
Posted on: 08 August 2004 by Bosh
My understanding is you pay VAT on all stuff whether used or Secondhand, calculated on the difference between buy in/trade price xs the price sold

Most garages get highly preferential deals on demonstrator stock which they are obliged to keep usually for 3 mths minimum
Posted on: 08 August 2004 by David Stewart
Yes I'm afraid you do have to pay the VAT, but wouldn't it be nice if it were that easy to avoid it Smile