Evening all,
My father-in-law is a farmer and he has just put a deposit down on a used discovery from a Land Rover dealership.
The screen price is 22k, but whilst he's not up to speed on the backroom side of farming, he was under the impression that he would be able to recover a degree of the VAT back as it is to be used as a farm vehicle (their farm is VAT registered).
However, the dealer said that no VAT is charged on the vehicle but is this correct? I would have thought that they would have to pay VAT on the cars they sell, and thus it will be included in the screen price. Or is it a case that VAT is only charged on new vehicles.
Anyone have any thoughts on this?
Thanks
Graham