We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Vat on shop purchase claim back
sva14
Posts: 131 Forumite
in Cutting tax
Hi
I wonder if you someone could answer the below question for me.
A friend is considering buying a shop , it is prices £160,000 plus VAT
He wanted to know if he would be able to claim the VAT £24,000 back once the business started.
Also what type of accounting does most Shops (corner shop 1 owner), do?
Thanks in advance
Satish
I wonder if you someone could answer the below question for me.
A friend is considering buying a shop , it is prices £160,000 plus VAT
He wanted to know if he would be able to claim the VAT £24,000 back once the business started.
Also what type of accounting does most Shops (corner shop 1 owner), do?
Thanks in advance
Satish
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards