where_to_now
Registered User
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Hi all,
I'm thinking of starting a small business where I would rent books to students for a fee to save them buying books which are only used for one term / semester
. I won't go into the details here but my feedback from research is that there would be an interest in it.
My question is in relation to VAT.
I know I can buy the books without VAT, and sell them without charging VAT, or at least I think I know that I can
If I rent a book to someone at say 50% of the cost price is the rent vat exempt? If it isn't the idea is a dead duck.
Thanks in advance!
I'm thinking of starting a small business where I would rent books to students for a fee to save them buying books which are only used for one term / semester
. I won't go into the details here but my feedback from research is that there would be an interest in it.
My question is in relation to VAT.
I know I can buy the books without VAT, and sell them without charging VAT, or at least I think I know that I can
If I rent a book to someone at say 50% of the cost price is the rent vat exempt? If it isn't the idea is a dead duck.
Thanks in advance!