Reclaim VAT on a Land Cruiser?

[Tarw Coch]

i see in the FW someone is advertising a nearly new land cruiser with the claim that it is VAT qualifying which I take to mean the VAT can be reclaimed, is this possible?
The same claim is made on their website, greenheath.co.uk

 

[Still Farming]

If business use solely then guess so?

 

[mixed breed]

Apart from maybe the blacked out rear windows, it doesn't appear particularly "commercial"

 

[Tarw Coch]

Apart from maybe the blacked out rear windows, it doesn't appear particularly "commercial"

It’s an invincible x which I believe is the highest spec so as you say, not very “commercial “, heck, it doesn’t even have a tow bar.

 

[Still Farming]

It’s an invincible x which I believe is the highest spec so as you say, not very “commercial “, heck, it doesn’t even have a tow bar.

Maybe no back seats ?
Company cars ?

 

[mixed breed]

It’s an invincible x which I believe is the highest spec so as you say, not very “commercial “, heck, it doesn’t even have a tow bar.

Scrolling the pictures I was thinking of lower mortons old discovery.. It looked like any other disco until you got in and found it was actually a van..

This definitely ain't no van.

 

[Tarw Coch]

Scrolling the pictures I was thinking of lower mortons old discovery.. It looked like any other disco until you got in and found it was actually a van..

This definitely ain't no van.

That would have been a discovery commercial, Peter frank had one also. A rear seat conversion is available for them I’m pretty sure that’s what Simon Roberts has, so that accounts for 3 commercials in a very small radius.
Back to the land cruisers, they do do a commercial version with no back seats but that one in the ad certainly ain’t.

 

[Johnnyboxer]

Vat qualifying only means it has not been previously been sold to someone i.e. Maybe a demo

I think you can claim 50% of the vat amount if you use it predominantly for business (50% minimum) and are vat registered, only by way of a Finance Lease, not HP or paying cash - HMRC rules

 

[thewalrus]

Vat qualifying only means it has not been previously been sold to someone i.e. Maybe a demo

I think you can claim 50% of the vat amount if you use it predominantly for business (50% minimum) and are vat registered, only by way of a Finance Lease, not HP or paying cash - HMRC rules

I think it’s
You can usually claim 50% of vat on a leased car(not hp)

You can claim 100% on car if it’s 100% business use. Making sure it’s only insured for business use. Employees are also not permitted to use car for private miles.

 

[glasshouse]

Just claim itback, youmight never get caught

 

[multi power]

I know someone who bought a new jaguar, claimed back the VAT business use obviously but I'd have thought some personal use as well

 

[Still Farming]

I know someone who bought a new jaguar, claimed back the VAT business use obviously but I'd have thought some personal use as well

How many farmers take kids to school,go shopping,or trips in farm business vat reclaimed trucks and pickups then alledgely ???

 

[multi power]

How many farmers take kids to school,go shopping,or trips in farm business vat reclaimed trucks and pickups then???

I don't know, I thought that was the very reason people often don't bother to claim the vat back
Edit, pretty sure my accountant deducted off 20% of my vehicle costs to cover personal use

 

[Still Farming]

I don't know, I thought that was the very reason people often don't bother to claim the vat back

Don't they?
Thought only reason farmers bought trucks new alledgely ?

 

[Still Farming]

I don't know, I thought that was the very reason people often don't bother to claim the vat back
Edit, pretty sure my accountant deducted off 20% of my vehicle costs to cover personal use

Tax purposes maybe ,not vat purposes senario then there?

 

[multi power]

Tax purposes maybe ,not vat purposes senario then there?

Good point

 

[pellow]

I think you have to park the vehicle in the business premises at all times and you'll have to be ready to be scrutinised on what you do with the vehicle

 

[mixed breed]

I think you have to park the vehicle in the business premises at all times and you'll have to be ready to be scrutinised on what you do with the vehicle

To travel to Question an answer/ brainstorming/ think tank meetings. Which help me reform my mindset regarding my farm buisness practices. Coincidently all these meetings are held at the pub