VAT on van sale now it’s converted

[.50]

Current 'reducing balance' method of calculating 'plant and machinery is 18% according to HMRC.

 

[Jollyvan]

Doesn't the sale have to be at arms length or is that only for vehicles on HP or PCP?

 

[Mateus]

Its a long time since i worked in tax but selling to a connected party is normally at arms length - it follows that should be the price for VAT. Depreciation (however determined) just impacts the profit or loss on sale.