Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Please note that it is not permitted to have referral links posted in your signature. Keep these links contained in the appropriate forum. Thank you.

https://www.boards.ie/discussion/2055940817/signature-rules

Claiming VAT back when buying a used car

Options
  • 28-07-2020 10:45pm
    #1
    darby5250
    Registered Users Posts: 19 ✭


    Hi,

    I’m own my own business and in the past I’ve bought commercial jeeps so that I can buy the vehicle through the business and claim the 23% VAT back. I’m just curious, can I buy a used car say a BMW 5 series and still claim the VAT back on if the car is purchased through the business?
    Tagged:


Comments

  • Options
    #2
    R.O.R
    Registered Users Posts: 12,685 ✭✭✭✭R.O.R


    Simple answer is no.

    But, if the used vehicle you are buying is ex. lease or ex. rental, then it would probably come with a VAT invoice, and if you keep the car for at least 2 years, use it at least 60% of the time in connection with the business, and the Co2 emissions are 156g or less, then you can reclaim 20% of the VAT amount.

    Majority of cars for sale in Ireland are not VAT qualifying, but ex. lease & rental would be.

    ALD Car Market - https://www.carzone.ie/dealers/ireland/dublin/10006594
    CarNext (LeasePlan) - https://www.carzone.ie/dealers/ireland/dublin/10007850

    Both sell ex. lease vehicles direct to the public.


  • Options
    #3
    darby5250
    Registered Users Posts: 19 ✭darby5250


    R.O.R wrote: »
    Simple answer is no.

    But, if the used vehicle you are buying is ex. lease or ex. rental, then it would probably come with a VAT invoice, and if you keep the car for at least 2 years, use it at least 60% of the time in connection with the business, and the Co2 emissions are 156g or less, then you can reclaim 20% of the VAT amount.

    Majority of cars for sale in Ireland are not VAT qualifying, but ex. lease & rental would be.

    ALD Car Market - https://www.carzone.ie/dealers/ireland/dublin/10006594
    CarNext (LeasePlan) - https://www.carzone.ie/dealers/ireland/dublin/10007850

    Both sell ex. lease vehicles direct to the public.

    I'll check this out. Thanks


Advertisement