I AM BUYING THE SHARES IN A PTY LTD COMPANY WHICH HOLDS A PROPERTY AS ITS ASSET WILL VAT BE PAYABLE IF THE CO IS A VAT VENDOR
Hi there,If you are simply buying the shares in the private company, then you are not going to pay any VAT on purchasing the shares.If you are going to sell the property once you own the company, and the company initially claimed a VAT deduction when the property was purchased, then you are now going to have to charge VAT if you sell the property.If you claim the VAT back on a purchase, then you are going to have to charge the next person VAT when you sell.Thank you for your question and if you feel that I have been of assistance kindly accept my answer.If you feel that this answer exceeded your expectations feel free to award a bonus.Regards GoldLawPlease note: This answer does not create an attorney-client relationship. Please consult a local attorney in person for legal advice. This information is being provided so you can better discuss legal matters with your attorney.
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