mobilephones.co.uk in sedo auction reserve met !

[Bailey]

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

 

[retired_member13]

So was it anyone on here that beat me then? :wink:

 

[tifosi]

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

 

[robrob is verified member.]

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!

 

[EdwinEdwin is verified member.]

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?

 

[bensdbensd is verified member.]

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]

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)

 

[EdwinEdwin is verified member.]

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]

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]

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.

 

[PredPred is verified member.]

6 takes it....

was it you Baz?