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Commercial building purchase-Vat query

  • 22-01-2013 6:01pm
    #1
    limerickgooner
    Registered Users, Registered Users 2 Posts: 9 ✭


    Hi There,
    I am currently trying to purchase a commercial property which is being sold by a receiver.He has inserted a clause which I am anxious about.I am being led to believe that it is a paper transaction and no Vat will have to be paid by me.See attached the clause.Any help would be greatly appreciated.

    Regards

    Limerickgooner


Comments

  • #2
    Alan Shore
    Registered Users, Registered Users 2 Posts: 735 ✭✭✭Alan Shore


    Ask your accountant. Property questions are not allowed read the charter.


  • #3
    limerickgooner
    Registered Users, Registered Users 2 Posts: 9 ✭limerickgooner


    Apologies,
    I have spoken to numerous accountants who have all had different opinions hence my post.I won't make the mistake of posting again for fear I might suffer your wrath.

    Many Thanks

    Limerickgooner


  • #4
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    Wow.

    Just...........

    Wow.

    I simply cannot believe someone would post a contractual term here and seek detailed legal advice on it.

    I know what that clause means. I know what it implies and get thee to a tax advisor. NOT accountant, chartered tax advisor or tax lawyer IMMEDIATELY.

    Also. BAN BAN BAN for obvious reasons.


This discussion has been closed.
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