I have my eye on a commercial van or two on ebay ending soon which I'd be hoping to buy for my vat registered (in Ireland, not in UK) business.
I've a few questions before I commit to any sale and if anyone could confirm I'd greatly appreciate it as I don't have much time left
If a van has UK VAT added, I can just give them my irish vat number and they can subtract VAT off price I pay. Please correct me if I'm wrong
As far as I know, VRT on a commercial is 50 euro, but I've been told if I buy any vehicle and bring it into Ireland, I'll have to also pay the IRISH vat rate on the revenues value of the vehicle. So say revenue value a van I buy for 5K sterling, at 10K euro, I'll have to pay my £5,000, plus 21.5% of €10,000 (€2,150) plus €50 VRT. If £5,000 = about €5,500, it will end up costing me about €7,700 total. Is this true?
How do I know the van I'm buying belongs to the seller? I was on to one guy and he said he doesn't have the log book, but he has some other form to say it's his. What should I be looking for and what is essential when buying a vehicle in the UK?
Is it possible for somebody else to pick up the van for me with my money? What would they need in order to do so?
How do I get an Irish reg on it once it's back here? Must it pass DOE before doing so and getting taxed?
If there's anything else I should know, please share
Any feedback appreciated