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Where Taxpayers and Advisers Meet

Transfer Of a Business as a Going Concern (TOGC)

Bazman
Posts:3
Joined:Tue Jan 18, 2022 10:38 pm
Transfer Of a Business as a Going Concern (TOGC)

Postby Bazman » Tue Jan 18, 2022 10:53 pm

Hi there,

If I am buying part of an existing business, from a sole trader who is not VAT registered because he is under the threshold, am I right to assume that there is not Value Added Tax payable on this transaction?

Thanks

Baz

pawncob
Posts:4879
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Transfer Of a Business as a Going Concern (TOGC)

Postby pawncob » Wed Jan 19, 2022 12:10 pm

Not registered-No Tax.
With a pinch of salt take what I say, but don't exceed your RDA


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