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kam100
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Member Since: 28 Sep 2005
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United Kingdom 2005 Range Rover Sport TDV6 HSE Java Black
VAT QUALIFYING VEHICLE??

No Longer accurate.. Current: 11 Bmw 730Ld SE, 54 Cayenne S 4.5, 2 x Merc Viano L 2.2CDI, 01 M3 Coupe for weekend fun.

http://WWW.MHCFINANCE.CO.UK - Vehicle Finance Services.
Kam@Mhasnain.co.uk : 0121 622 8122

http://www.iautouk.com/Solihull - Professional main dealer alternative for Service/Repairs/Mot/Alignment/Tyres and Diagnostics.

For all your GAP Insurance needs: http://www.gapinsuranceuk.net

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Last edited by kam100 on Tue Apr 03 2007 2:01pm. Edited 1 time in total

Post #22607 Wed Apr 05 2006 1:01pm
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shmoogle
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From our friends at Deloitte & Touche:

Quote:
VAT Status and Used Cars

The use to which a car is put will determine its status for VAT purposes. In turn, that VAT status will determine whether VAT should be charged on the disposal of the car and hence whether there is any VAT available for recovery in the hands of a subsequent owner.

If VAT has been fully recovered on a car, that car will be “VAT qualifying”. If a qualifying car is sold VAT will be chargeable on its sale, and recoverable by the purchaser under the rules outlined above.

If input VAT recovery has been restricted on a car at any point in its life, that car becomes “Non-Qualifying”. VAT will not be due on the sale of a non-qualifying car.


As you well know, Kam, this doesn't mean a hill of beans to me... but the entire article is here:

http://www.cartax.co.uk/Articles/Article_When_Does_VAT_Matter.asp 

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Post #22617 Wed Apr 05 2006 1:48pm
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Tim in Scotland



Member Since: 30 May 2005
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In Supertrotter's post elsewhere advertising RRS's for sale on a big website, I notice that several of the cars being offered are VAT qualifying.......... I assume that they are dealer's demo cars that they are unable to sell the normal way. Now on my drive - A Fuji White Range Rover Evoque Dynamic SD4 Auto Lux with Plus pack and a few other extras and now even has off road muck in those difficult to clean places

Post #22640 Wed Apr 05 2006 2:31pm
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Supertrotter



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Tim in Scotland wrote:
In Supertrotter's post elsewhere advertising RRS's for sale on a big website, I notice that several of the cars being offered are VAT qualifying.......... I assume that they are dealer's demo cars that they are unable to sell the normal way.


Tim, this is the site where I bought mine.

They are all UK ordered, UK dealer supplied and UK Spec.

All are new and unregistered unless it states otherwise. You are the first registered owner and ours came with 7 miles on the clock.

Dealer demos don't generally tend to sit around. One dealer told me they have to keep them for a min. 3 months as they are given a write down cost from LR.

However, demand is so high that most just sell them at list after 1 or 2 months and presumably still get some write down cost from LR - Therefore profiteering! Runner up - 2009 Best Avatar Award Sad
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06 RRS TDV6 HSE, Java/Ebony, PTI, Running Boards, Privacy, S/C Grille/Vents, Stormers, Tasmods - GONE - Surprised(

Post #22763 Wed Apr 05 2006 5:13pm
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shmoogle
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Yes, money-grabbing Censoreds these dealers... they don't call them stealers for nothing. I remember the fiasco over M5 demos when they first shipped. My local dealer had sold (and more to the point, been allowed to sell) their M5 demo before it even arrived at the dealership.... meaning that nobody could test drive one, even those that had been waiting 2 years for delivery! All got v messy... Rolling Eyes 

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Post #22780 Wed Apr 05 2006 5:34pm
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kam100
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United Kingdom 2005 Range Rover Sport TDV6 HSE Java Black

Have got one of the accountants that work for us, on the case. There are differing rules concerning cars, so he is going to investigate it, nothing he has come across before to be honest. Its unusual for a trader to ask a private seller for a VAT qualifying vehicle.. its not like im a trader myself is it..

Yeah i had to pay list for my RRS and it was a 3 month old demo, well not technically a demo, a guy bought it, then decided he didn't want it on delivery day, after the car had been registered to him, (don't know how he got out of this..) but because it is such a high demand car, the dealership thought.. sweet another car to run as demo.. so kept it themselves, and decided to sell it as an ex demo, as that was what it was to be honest for the entire three months before i took it home with me.

I had to pay the list of £44.5k for the RRS.. but as it had 4k on the clock, i demanded privacy glass, which i got free (dealer fit) and the extras that were already on the car, i didn't have to pay for. Tracker horizon, mats, bluetooth etc.. so seemed ok to me considering i could have it there and then, and a lot of traders were premium selling back then!

RS4 which was also done in the same way as the M5, all demo's were sold pre delivery, so no drives, just showcased to customers in dealership for two weeks, so i saw it and sat in it.. but have had to wait till April 1st for my test drive, as that was when their new Avus demo RS4 was arriving.. now told it aint got there yet!!! blooody great.. even though i only ordered in January.. im still hacked off.. good thing i haven't even seen one on the road.. knowing my luck one of my neighbours would pull up in one or something.. Current: 11 Bmw 730Ld SE, 54 Cayenne S 4.5, 2 x Merc Viano L 2.2CDI, 01 M3 Coupe for weekend fun.

http://WWW.MHCFINANCE.CO.UK - Vehicle Finance Services.
Kam@Mhasnain.co.uk : 0121 622 8122

http://www.iautouk.com/Solihull - Professional main dealer alternative for Service/Repairs/Mot/Alignment/Tyres and Diagnostics.

For all your GAP Insurance needs: http://www.gapinsuranceuk.net

Click image to enlarge

Post #22788 Wed Apr 05 2006 6:09pm
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shmoogle
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kam100 wrote:
RS4 which was also done in the same way as the M5 .... good thing i haven't even seen one on the road.. knowing my luck one of my neighbours would pull up in one or something..

I have! I have!!! Ner Ner Whistle 

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Post #22976 Thu Apr 06 2006 2:41pm
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JayMann



Member Since: 19 Jan 2006
Location: Stop acting like snob when you just won the Lotto!
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United Kingdom 2006 Range Rover Sport TDV6 HSE Buckingham Blue

I see one tuesday Cool RRS TDV6 Gone but still around
SL55 AMG
760Li Alpina
BMW 535D M Sport
BMW X6 XDrive35D
BMW 320D Coupe M Sport
And A Van For Rex!

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Post #22977 Thu Apr 06 2006 2:44pm
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shmoogle
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Location: ... and for every sprinkle I find, I shall kill you!
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So, it's just you then Kam Wink And you've even paid money to own one! Shocked 

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Post #22979 Thu Apr 06 2006 2:45pm
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JayMann



Member Since: 19 Jan 2006
Location: Stop acting like snob when you just won the Lotto!
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United Kingdom 2006 Range Rover Sport TDV6 HSE Buckingham Blue

Laughing Laughing

It was a blue one that i see Very Happy RRS TDV6 Gone but still around
SL55 AMG
760Li Alpina
BMW 535D M Sport
BMW X6 XDrive35D
BMW 320D Coupe M Sport
And A Van For Rex!

WINNER - 2008's Idler Of The Year
WINNER - 2008's Comedian Of The Year
WINNER - 2008's Funniest Incident


I love boobies i love boobies i love boobies cuz i'm a big kid now! (Come on everybody sing with me you know the words!)

Post #22980 Thu Apr 06 2006 2:47pm
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shmoogle
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Mine was the same colour as Kam's, Daytona Grey... very nice it was too, as it disappeared off over the horizon Thumbs Up 

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Post #22982 Thu Apr 06 2006 2:50pm
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JayMann



Member Since: 19 Jan 2006
Location: Stop acting like snob when you just won the Lotto!
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United Kingdom 2006 Range Rover Sport TDV6 HSE Buckingham Blue

The one i see the guy was thinking he's the daddy then he see me and i droped it down in to 2nd as i went passed and give him a little blast. He he sad i know Very Happy RRS TDV6 Gone but still around
SL55 AMG
760Li Alpina
BMW 535D M Sport
BMW X6 XDrive35D
BMW 320D Coupe M Sport
And A Van For Rex!

WINNER - 2008's Idler Of The Year
WINNER - 2008's Comedian Of The Year
WINNER - 2008's Funniest Incident


I love boobies i love boobies i love boobies cuz i'm a big kid now! (Come on everybody sing with me you know the words!)

Post #22983 Thu Apr 06 2006 2:55pm
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shmoogle
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You young'uns with your anti social behaviour... Wink 

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Post #22986 Thu Apr 06 2006 3:00pm
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JayMann



Member Since: 19 Jan 2006
Location: Stop acting like snob when you just won the Lotto!
Posts: 22898

United Kingdom 2006 Range Rover Sport TDV6 HSE Buckingham Blue

Laughing Laughing To right RRS TDV6 Gone but still around
SL55 AMG
760Li Alpina
BMW 535D M Sport
BMW X6 XDrive35D
BMW 320D Coupe M Sport
And A Van For Rex!

WINNER - 2008's Idler Of The Year
WINNER - 2008's Comedian Of The Year
WINNER - 2008's Funniest Incident


I love boobies i love boobies i love boobies cuz i'm a big kid now! (Come on everybody sing with me you know the words!)

Post #22992 Thu Apr 06 2006 3:09pm
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Supertrotter



Member Since: 10 Mar 2006
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Much respect to the Jay-Meister Bow down

By the way Jay, my best mate is test driving a CLK55AMG on Saturday.

I know it's not 'The Daddy' engine like yours and the E55 (Supercharged 476bhp) but still, a 5.5V8 with 380ish bhp (minus supercharger) and a sound like a NASCAR is a mouth watering proposition. Wink Runner up - 2009 Best Avatar Award Sad
Joint runner up - 2009 Outstanding Contribution Award Sad
WINNER - 2008 ‘Best Thread’ Award – Beautiful Women Of The World Very Happy
Runner Up - 2008 Comedian Of The Year Award Sad
Runner Up - 2008’s Funniest Incident Sad


06 RRS TDV6 HSE, Java/Ebony, PTI, Running Boards, Privacy, S/C Grille/Vents, Stormers, Tasmods - GONE - Surprised(

Post #22996 Thu Apr 06 2006 3:16pm
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