Buying plant machinery

223vmax · 2016-09-13 15:03:03

I am looking at buying a mini excavator to carry out some jobs around my house. Most advertisements I see are prices +VAT. Do I have to pay VAT on a machinery purchase if the purchase is not in relation to trade or business? BTW my "day job" is computer related.

13-09-2016 04:03PM

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223vmax

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I am looking at buying a mini excavator to carry out some jobs around my house. Most advertisements I see are prices +VAT. Do I have to pay VAT on a machinery purchase if the purchase is not in relation to trade or business? BTW my "day job" is computer related.

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#2 13-09-2016 04:06PM

pajero12

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223vmax wrote: »

I am looking at buying a mini excavator to carry out some jobs around my house. Most advertisements I see are prices +VAT. Do I have to pay VAT on a machinery purchase if the purchase is not in relation to trade or business? BTW my "day job" is computer related.

Yes you do, The exception being if you're registered with a VAT number you can claim it back afterwards.

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