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Thread: VAT claim on vehicle purchase

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    VAT claim on vehicle purchase

    Good Morning.

    My name is Carlo and I'm a owner of a cc. My company is VAT Registered and I'm currently busy with a 6million rand contract whereby I fit and supply build in cupboards. I have 2 company bakkies that is on my personal name. I wanted to know if I should buy another 2 bakkies on my company name so that I can reclaim the VAT back if it can be done that way.

    Regards
    Carlo

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    Site Caretaker Dave A's Avatar
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    Quote Originally Posted by Carlo View Post
    I wanted to know if I should buy another 2 bakkies on my company name so that I can reclaim the VAT back if it can be done that way.
    If you need to buy bakkies, then yes - I would certainly buy it in the entity that can claim the Capital Input VAT rather than in my own name where I can't.

    Just remember you can't claim the VAT back on double cabs - the load carrying area has to be bigger than the passenger carrying area.
    The trouble with opportunity is it normally comes dressed up as work.

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    Carlo (13-Jun-18)

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