Hi all,
been a while.
Plan B is in full flow and is now over 20% of the companies revenue.
looking to buy a few assets within the business now (i own one personally at present)
Some of these assets come as VAT Paid - as they are owned by persons and not businesses.
My understanding is that the opportunity to claim the VAT has gone.
But what code is it dealt with?
What happens if I sell the asset?
What happens in terms of the capital allowances and depreciation?
Thanks
been a while.
Plan B is in full flow and is now over 20% of the companies revenue.
looking to buy a few assets within the business now (i own one personally at present)
Some of these assets come as VAT Paid - as they are owned by persons and not businesses.
My understanding is that the opportunity to claim the VAT has gone.
But what code is it dealt with?
What happens if I sell the asset?
What happens in terms of the capital allowances and depreciation?
Thanks
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