do you have to pay VAT on a house?

dwayneburke · 28-04-2005 02:04AM #1

maybe an obvious question but if a house is €315000 (stamp duty aside etc) do you have to pay VAT on top that??

Just to clarify in my mind

0utshined · 28-04-2005 12:52PM

No, just the stamp duty.

LoneGunM@n · 28-04-2005 12:59PM

If you were quoted a price of €315k for the house & you are buying from a developer, the VAT is included in the price!

grumpytrousers · 28-04-2005 01:01PM

Think you do - I mean, VAT is chargable on most items, property included, but like most items tends to be included in the asking price. If you're a business of course, and registered for VAT and the property is bought for the purposes of the Business, you may be able to claim a Credit for it

LoneGunM@n · 28-04-2005 01:05PM

If you are thinking of renting the house & want to avoid the VAT, you could register for VAT and claim the VAT back ... the downside to this is that you must then charge & declare VAT on the rent you charge!

lomb · 28-04-2005 05:13PM

LoneGunM@n wrote:

If you are thinking of renting the house & want to avoid the VAT, you could register for VAT and claim the VAT back ... the downside to this is that you must then charge & declare VAT on the rent you charge!

probably better to pay it i would have thought. it gets integrated into the house price anyway. for commercial properties it is different of course.

do you have to pay VAT on a house?

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