Selling company van to a private individual - CRA

Selling company van to a private individual - CRA

Author
Discussion

this is my username

Original Poster:

283 posts

67 months

Monday 18th November
quotequote all
I'm going to sell my van - it is owned by my VAT-registered limited company. It's too old / high mileage to be likely to appeal to a company owner, but they do have a following among enthusiasts so will probably go to a private individual.

Is there any way I can sell it direct from my company without being on the hook for CRA obligations if a private individual buys it?

I could transfer ownership to myself before selling, but it adds another owner to the V5 and is a bit of a faff.

Any thoughts / experience appreciated.

Ussrcossack

662 posts

49 months

Thursday
quotequote all
Might be better in SPL

But I think there was a similar topic, so you might want to search

The gist was something along the lines that whilst CRA is applicable the bar is lower if you are not a trader.