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Reply to: VAT + Asset disposal

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Previously on "VAT + Asset disposal"

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  • TheFaQQer
    replied
    Originally posted by b0redom
    Hi,
    I've got a 1.2TB ReadyNAS RAID-5 storage array. I'm thinking of dumping it on Ebay as it's now surplus to requirements. If I do this, do I have to charge VAT on it?

    It's 2nd hand, but as it cost about £1000 new, and should be worth ~500 now I want to do it through the books.

    Cheers...

    Tom
    You don't pay VAT on second hand goods (I think).

    IANAA, but I don't think you need to charge VAT on it.

    Leave a comment:

  • b0redom
    started a topic VAT + Asset disposal

    VAT + Asset disposal

    Hi,
    I've got a 1.2TB ReadyNAS RAID-5 storage array. I'm thinking of dumping it on Ebay as it's now surplus to requirements. If I do this, do I have to charge VAT on it?

    It's 2nd hand, but as it cost about £1000 new, and should be worth ~500 now I want to do it through the books.

    Cheers...

    Tom
    Tags: None

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