Big RIB wanted

ACIBrian · 13 November 2003, 13:14

Minimum 7.5 metre, would prefer 9 or 10 urgently wanted, I/B or O/B must be up together and in VGC. Immediate cash waiting, but looking for a bargain. Prepared to travel.

thewavehumper · 13 November 2003, 13:37

try this at 25K the guy , who is a sharp dealer, has had it on his books for a year at 40k. I suspect he paid abou 20 to 24 for it so try him at 25k

It's not going to sell via this Auction so contact him directly, but remember I said he was sharp

http://cgi.ebay.co.uk/ws/eBayISAPI.d...&category=1296

Brian · 13 November 2003, 14:25

Hmmm.
Out of interest Stuart, do you charge VAT on a second-hand product?
Presumably only if you are VAT registered?

So a private individual doesnt add VAT to his price (and doesnt pay it over to HMC&E)? Right?

So if you are a trader and you buy a second-hand rib off of a man-in-the-street, when you sell it on, you have to charge VAT? Right?

Er??

Richard B · 13 November 2003, 15:09

Correct on all three, Brian.

Brian · 13 November 2003, 15:33

If so, then that must mean that a trader wiill never buy your rib 'cause he will have to add his margin PLUS another 17.5% before offerring it out!!
Not on is it?

Richard B · 13 November 2003, 15:45

Yes - isn't that why brokerage is more commonly used? So you (the seller) pay the broker £100 (for the sake of argument!) as a fee, plus £17.50 vat and avoid passing on 17.5% of the full purchase price to your buyer.

stuart hedges · 13 November 2003, 16:15

I think you are wong Richard.

If a VAT registered broker buys a boat off jo public, he does not then charge 17.5% on top of that . The vat has been paid by the original owner so it does not then get paid again by the broker. The only reason a broker would charge vat is if they have claimed it.

Steve Care · 13 November 2003, 16:20

They may just pay vat on their profit they make on the boat I think thats how it happens with car dealers

Richard B · 13 November 2003, 16:28

I may be wrong as you say... and this would fit in with how used car dealers pay VAT. But do these rules apply to boats as well?

The fact that the purchase was made from "Joe Public" shouldn't matter. It's just a purchase from a non-VAT registered seller. So at the point of sale, VAT is applied according to the calssification of goods and seller. If boat dealers have a dispensation then good luck to them!

thewavehumper · 13 November 2003, 19:30

Quote:

Originally posted by Brian
Hmmm.
Out of interest Stuart, do you charge VAT on a second-hand product?
Presumably only if you are VAT registered?

So a private individual doesnt add VAT to his price (and doesnt pay it over to HMC&E)? Right?

So if you are a trader and you buy a second-hand rib off of a man-in-the-street, when you sell it on, you have to charge VAT? Right?

Er??

yep, that's the way it works out HMce do well out of it but i think the Vat is only charged on the profit if it was a non vat purchase by the broker. My camel wa from a dealer and there was Vat on that!

the other thing to bear in mind is that the dealer knows that he must make money so he will buy cheap enough to make it sweet for him