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VAT on allowances

  • 02-08-2014 5:29pm
    #1
    aodh_rua
    Registered Users, Registered Users 2 Posts: 1,242 ✭✭✭


    We've put a deposit down on a new build with good allowances and I'm curious about how VAT is usually treated. The suppliers will invoice the developer, and I know the house purchase price includes VAT, so should we get supplier quotes including or excluding VAT? Obviously our budget goes further if we can work off ex-VAT prices.

    Thanks!


Comments

  • #2
    kkelliher
    Registered Users, Registered Users 2 Posts: 1,583 ✭✭✭kkelliher


    aodh_rua wrote: »
    We've put a deposit down on a new build with good allowances and I'm curious about how VAT is usually treated. The suppliers will invoice the developer, and I know the house purchase price includes VAT, so should we get supplier quotes including or excluding VAT? Obviously our budget goes further if we can work off ex-VAT prices.

    Thanks!

    ex vat prices as vat is irrelevant to developer and you only pay the purchase price


  • #3
    aodh_rua
    Registered Users, Registered Users 2 Posts: 1,242 ✭✭✭aodh_rua


    kkelliher wrote: »
    ex vat prices as vat is irrelevant to developer and you only pay the purchase price

    I would have thought that but the estate agent says the allowances budget includes VAT.


  • #4
    kkelliher
    Registered Users, Registered Users 2 Posts: 1,583 ✭✭✭kkelliher


    aodh_rua wrote: »
    I would have thought that but the estate agent says the allowances budget includes VAT.

    in my opinion and experience that is incorrect as vat has no consequence to a builder so it would imply that they are playing a game with numbers


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