Amount of VAT payable on sale of property (via a company)

Hello,

Unfortunately yes, you still need to pay the 20% VAT. Also, there might be notary fees that need to be paid (depending on your agreement with the buyer) for £100k it should be around £1500. If you want more information or need other help with the sale, you can reach me in a personal message.

???? VAT is paid by the buyer. Your company should charge the VAT to them.

What type of property are you selling? There may be no VAT to pay. Depends what your notary akt states.

@cherylcollier400

Once upon a time I would have said No, but now I have learned how coplicated the issue is.  Did you pay part cash?  Did you use a notary?  If you purchased in a VAT approved company did you clam the VAT back? You should find a good Accnting firm to advise you and present all documents. Do not attempt to play any games as the Tax authorities are cracking down on both Expats and natives very hard.  Almost every one I know has had at least an inqury in the last two years.  The penalties are stiff and the consequences can be even stiffer.  See an attorney and a accountant prior to doing anything.  Play everything straight if you are an expat and do not follow the locals recommendations without understanding the potential consequences.