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30th May 2008, 14:21
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#1
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Giving it you straight!
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KDV ( sales tax ) when you sell a house
Does anyone know if a company has to pay KDV ( sales tax ) when it sells a used property to an individual and if so, at what rate.
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30th May 2008, 14:32
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#2
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Administrator
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Re: KDV ( sales tax ) when you sell a house
If a company sells they have to pay KDV on the sale price which is 18% I think.
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24th October 2008, 22:08
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#3
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Senior Member
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Re: KDV ( sales tax ) when you sell a house
werent you the guy running the "advice centre"?
if so you should know the answer to that
Hmmmmmmmmmmmmmm
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25th October 2008, 00:52
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#4
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_______
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Re: KDV ( sales tax ) when you sell a house
Quote:
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Originally Posted by Peregrine
werent you the guy running the "advice centre"?
if so you should know the answer to that Hmmmmmmmmmmmmmm
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Yeah, well he has go to get his answers from somewhere! |
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25th October 2008, 08:50
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#5
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Living in Turgutreis
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Re: KDV ( sales tax ) when you sell a house
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Originally Posted by mushtaq
If a company sells they have to pay KDV on the sale price which is 18% I think.
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So if a company purchases a property for say £50,000 and sells at say £40,000, despite the fact the company has made a loss of £10,000 it still needs to pay kdv on £50,000? Thanks in advance. Helen |
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25th October 2008, 09:48
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#6
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Senior Member
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Re: KDV ( sales tax ) when you sell a house
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Originally Posted by Helenm150
So if a company purchases a property for say £50,000 and sells at say £40,000, despite the fact the company has made a loss of £10,000 it still needs to pay kdv on £50,000? Thanks in advance. Helen
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there are two transactions there so its not quite so simple as there is also a loss to take into account |
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25th October 2008, 10:56
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#7
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Administrator
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Re: KDV ( sales tax ) when you sell a house
KDV is just VAT, it does not take into account your profit or loss, it's tax you have to charge on ANY sale.
Once you file your company accounts your profit or loss comes into play when working out if you need to pay any tax or not.
Having said that I recently learned that for a small property 65 sqm (I think) the KDV is only 1% and not 18% - unfortunately I can't find the details at the moment.
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