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Selling 2nd handcars

  • 07-03-2011 5:20pm
    #1
    sophie1234
    Registered Users, Registered Users 2 Posts: 516 ✭✭✭


    Hi just wondering for my boyfs sake what are the requirments for owning a little loft and selling second hand cars? Do u need to register with something? Can you just sell upto a certain amlunt without registering ect? Thanks
    In advance


Comments

  • #2
    sophie1234
    Registered Users, Registered Users 2 Posts: 516 ✭✭✭sophie1234


    Anyone??


  • #3
    -Corkie-
    Closed Accounts Posts: 10,025 ✭✭✭✭-Corkie-


    He will most likley have to register for VAT and register a business name.


  • #4
    Joe7
    Closed Accounts Posts: 74 ✭✭Joe7


    Does anyone need a 2nd handcar? Isn't one enough?


  • #5
    Big Nasty
    Registered Users, Registered Users 2 Posts: 22,080 ✭✭✭✭Big Nasty


    sophie1234 wrote: »
    Hi just wondering for my boyfs sake what are the requirments for owning a little loft and selling second hand cars? Do u need to register with something? Can you just sell upto a certain amlunt without registering ect? Thanks
    In advance

    If he sells more than four a year he needs to register and also sales cannot be 'private', i.e. he will have to give warranty. If four or less no worries! ;)
    Joe7 wrote: »
    Does anyone need a 2nd handcar? Isn't one enough?

    Wut?


  • #6
    El Guapo!
    Registered Users, Registered Users 2 Posts: 12,438 ✭✭✭✭El Guapo!


    MCMLXXV wrote: »
    If he sells more than four a year he needs to register and also sales cannot be 'private', i.e. he will have to give warranty. If four or less no worries! ;)



    Wut?

    Not necessarily. Couldn't he just sell them all "Sold as seen"? Or as a trade sale?


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  • #7
    bazz26
    Registered Users, Registered Users 2 Posts: 51,482 ✭✭✭✭bazz26


    Dean09 wrote: »
    Not necessarily. Couldn't he just sell them all "Sold as seen"? Or as a trade sale?

    It's more to do with tax. Anyone selling more than 4 cars a year is deamed a motor trader in the eyes of Revenue and liable to income tax on any earnings they make from it.


  • #8
    sophie1234
    Registered Users, Registered Users 2 Posts: 516 ✭✭✭sophie1234


    Thanks guys


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