[cite]Posted By: cafcpolo[/cite]I've just heard if it doesn't go through today the deal will fall through as the new owners aren't willing to pay the extra 2.5% due to the rise in VAT.
I don't believe you pay VAT on a corporate transaction - you pay Stamp duty and that rate doesn't change tomorrow! :-)
Yes... you're correct... Seller pays capital gains, Buyer will pay stamp duty you pay VAT on goods and services ;-)
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Yes... you're correct... Seller pays capital gains, Buyer will pay stamp duty you pay VAT on goods and services ;-)
Super nailed on fact.