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campervan conversion company

  • 27-02-2010 9:13pm
    #1
    del88
    Registered Users, Registered Users 2 Posts: 1,136 ✭✭✭


    Hi
    I was thinking buying a van and converting it into a campervan for myself...can he set up a limited company, buy a van and materials for converting the van (claim back vat ect) and then use for weekends myself and maybe sell but maybe not..
    I'm a director of a company and pay PAYE as an employee of this company as is ..
    What would be the minimum yearly costs for a limited company that does not pay wages or trade as such(only has some assets).


Comments

  • #2
    PeakOutput
    Registered Users, Registered Users 2 Posts: 7,639 ✭✭✭PeakOutput


    del88 wrote: »
    Hi
    I was thinking buying a van and converting it into a campervan for myself...can he set up a limited company, buy a van and materials for converting the van (claim back vat ect) and then use for weekends myself and maybe sell but maybe not..
    I'm a director of a company and pay PAYE as an employee of this company as is ..
    What would be the minimum yearly costs for a limited company that does not pay wages or trade as such(only has some assets).

    you can register for vat as a sole trader so dosnt have to be a limited company for that i was also just told by a friend who is a tax adviser that you can write off losses as a sole trader against other paye income im not sure how this would work in practice but it might help you


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