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Vat on commercial veichles

ciandelaney02 · 2019-01-15 17:55:20

I am looking at buying a commercial veichle for my business but I am wondering if I am claiming vat back on the total purchase price of the veichle including vrt i.e ( price + vat + vrt) e.g €35000 + €8050 + €6950 = €50000 - 23% vat = €40650 + vat = claiming back €9350 Or am I only claiming back the €8050 before vrt was…

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#32 15-01-2019 10:42pm
Synode

Closed Accounts Posts: 7,967 ✭✭✭

Join Date: December 2012

Posts: 7880

colm_mcm wrote: »

I sold a hilux demo to a fella back in 04 and the buyer was able to claim VAT on the full amount, where we would have paid around 3-4K VRT and less VAT.

Yep, the VRT is baked into cost once paid.

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#33 15-01-2019 11:31pm
ciandelaney02

Registered Users Posts: 7 ✭

Join Date: January 2019

Posts: 6

Thanks for the help lads, that’s really cleared things up.

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