mobilephones.co.uk in sedo auction reserve met !

Bailey · 11-03-2010, 11:56:13 PM

Sedo only pre-authorised me to �91,499 - Im gutted

retired_member13 · 12-03-2010, 12:04:06 AM

So was it anyone on here that beat me then?

tifosi · 12-03-2010, 12:09:56 AM

I was watching Lost... more interesting, sort of!

rob · 12-03-2010, 12:15:03 AM

Just got in - nice enough price, sedo fees and any vat will be a kicker to come out of it

Did better than I expected based on dodgy end time and 'normal' auction.

Interesting to see where it ends up, and as has been said, its not a deal until its moved and paid!

Edwin · 12-03-2010, 03:30:41 AM

Quote:

Originally Posted by rob

Just got in - nice enough price, sedo fees and any vat will be a kicker to come out of it

How does VAT work when Sedo's involved? Can the seller invoice for the amount + VAT, or are they going to have to fork out the VAT from the sold amount. And is the VAT due on the whole 91,500 or only on the "X" of (X+VAT)=91,500?

bensd · 12-03-2010, 06:16:58 AM

Quote:

Originally Posted by Edwin

How does VAT work when Sedo's involved? Can the seller invoice for the amount + VAT, or are they going to have to fork out the VAT from the sold amount. And is the VAT due on the whole 91,500 or only on the "X" of (X+VAT)=91,500?

According to sedo any final auction price must include VAT. Looks as if the seller will take away just over �70k.

jwm · 12-03-2010, 09:05:48 AM

Quote:

Originally Posted by bensd

According to sedo any final auction price must include VAT. Looks as if the seller will take away just over �70k.

Unless the seller isn't VAT registered (very possible given the whois is a named person rather than a business)

Edwin · 12-03-2010, 09:07:01 AM

Quote:

Originally Posted by jwm

Unless the seller isn't VAT registered (very possible given the whois is a named person rather than a business)

Wouldn't this one sale push them over the VAT threshold, on its own?

retired_member13 · 12-03-2010, 09:21:27 AM

Quote:

Originally Posted by Edwin

Wouldn't this one sale push them over the VAT threshold, on its own?

Not if it's done as a personal transaction, the VAT threshold only applies it's done through a business.

It's quite likely to be done personally as CGT relief etc applies and CGT rates are lower than would be the case to take the cash via a LTD company.

HariSeldon · 12-03-2010, 09:25:48 AM

Quote:

Originally Posted by Ty_

Not if it's done as a personal transaction, the VAT threshold only applies it's done through a business.

It's quite likely to be done personally as CGT relief etc ...

Which may well explain why the .co.uk is in one name and the .com is in another at the same address.

11-03-2010, 11:56:13 PM	#101 (permalink)
Bailey Join Date: Apr 2009 Location: Essex UK Posts: 1,619 No Classified Ratings Domain Trader Rating: (100% / 4)	Sedo only pre-authorised me to �91,499 - Im gutted __________________ TheDon dot Com

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12-03-2010, 12:04:06 AM	#102 (permalink)
retired_member13 Join Date: Jul 2009 Posts: 1,323 No Classified Ratings Domain Trader Rating: (100% / 36)	So was it anyone on here that beat me then?

12-03-2010, 12:09:56 AM	#103 (permalink)
tifosi Join Date: Oct 2004 Location: Lancashire Posts: 1,907 No Classified Ratings Domain Trader Rating: (100% / 9)	I was watching Lost... more interesting, sort of!

12-03-2010, 12:15:03 AM	#104 (permalink)
rob Founding Member Join Date: Jan 2005 Posts: 5,978 No Classified Ratings Domain Trader Rating: (100% / 37)	Just got in - nice enough price, sedo fees and any vat will be a kicker to come out of it Did better than I expected based on dodgy end time and 'normal' auction. Interesting to see where it ends up, and as has been said, its not a deal until its moved and paid!