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Buying Passenger Car to Lease

  • 21-05-2021 12:47pm
    #1
    Jonny303
    Registered Users, Registered Users 2 Posts: 634 ✭✭✭


    Hi, vat question here.

    Can I as a VAT registered Ltd company claim the VAT back on the purchase of a passenger vehicle that is going to be used as a long term hire?

    I know as a leasing/hire company it's possible, but I'm just unsure if a single vehicle counts?

    It would be hired to someone NOT working for the company, on a long term lease agreement. The reason for doing it....the company has cash and see's it as a way of using some of it.

    Obviously VAT would be charged on the hire/lease and that would be up to the hirer to account for.

    Thanks


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