Can I claim VAT back on a Land Cruiser?

Can I claim VAT back on a Land Cruiser?

I am Vat registered can I claim Vat back on the purchase of a Toyota Land Cruiser commercial?

Our answer:

Hi John,

This sort of question is best discussed with your accountant, as each person's circumstances are different. In general, the VAT on a commercial vehicle such as the Land Cruiser can be reclaimed by the business purchasing the vehicle. To claim the full VAT back, the vehicle must be used for business purposes 100 per cent of the time.

Shane O'Donoghue

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