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  • RE: Buying and selling a van

    Hi thanks for that but the reason I posted on the forum was to get a clearer understanding rather than having to wade through documentation that is hard to understand. Do you have any examples ? IE Jack the plumber sells his van and purchases a new one type of thing
  • Buying and selling a van

    I am self employed and do my accounts on a cash bases and I am no VAT registered I bought a van 5.5 years ago for £8400 (vat included) then sold it privately for £5000 I then bought a new van for £16200 (vat included) So can you tell me my tax implications on the £5000 sale of the old van to the £16200 purchase of the new van