Caravan Cartel

macman

VanMan2007 wrote: »

No, not a business, or registered for VAT, just a private owner. The transfer fee in 2007 was 5%. (Not counting VAT.) Allowing for inflation, that could've risen to 8%, so including VAT, that could account for the amount?

Macman, I had the same thought. Who reads the small print? We should, I know. I suggested the very same thing today. Sneaky!

Most people do, when buying or selling a property...but since we don't know the sale price of the van, how can we comment?
Your T&C's should make it perfectly clear how the transfer fee is calculated. It's presumably either a fixed percentage or a scaled percentage based on the sale price, but probably with a minimum charge, All we can tell you is how the VAT is calculated-it's 20% of the transfer fee.
There is no 'inflation on a transfer fee-if it was 5% and now 8%, then they've upped it by 60%!. Just ask the how the calc was done, or post the invoice details. And check your contract.

Cadgreen

10% payable on sale of residential caravan on a site in the South West!!!

muckybutt

MIL has to pay park home owner 10% of the final sale price of her park home when she sells it - pretty standard stuff

macman

OP stated that in 2007 the transfer charge was 5%. That's all we know. Pointless to speculate unless they supply the basic info (i.e. the sale price)

VanMan2007

macman wrote: »

OP stated that in 2007 the transfer charge was 5%. That's all we know. Pointless to speculate unless they supply the basic info (i.e. the sale price)

Macman: Sorry, the purchase was hurridly made as my little sis was in a jam and I jumped in to rescue. The financial loss is hers, not mine. But don't want to see a financial injustice. I do not have any of the original documents as the purchase was essentially hers, with my money. If she had any other documents, she would tell me, but I will ask.

Sale price was £11950
Less transfer of ownership £3360
Balance £8590

Thanks for your continued interest and support.

macman

So the VAT will be £672.
We cannot speculate on how the transfer charge is calculated, so ask your sister.