Cars - Can I claim back auction buyer fees as a trader?

Honest John Back Room » Motoring discussion
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Fri 2 Jan 2015 20:44
Cars - Can I claim back auction buyer fees as a trader? - Jtautos
Good evening,

I looking into starting up a small car sales business. I have been buying and selling cars for over 20 years as a hobbie but now I'm looking into making a job out of it.
I have been to a few uk car auctions and brought 1 or 2 cars also but the buyers premium makes it very expensive. At the auctions traders seem to be buying cars a stupid prices so my question to you is are they claiming back the buyers premium?
I know if your Vat registered you can claim back the vat but I'm more interested in the buyers premium fee without the vat.
Surely the buyers premium is a service so it is tax deductible ?
On a auctions sales invoice the hammer price and buyers premium are separate .

Any knowledge is welcome as for 20 years I brought my cars privately so I am fairly new to car auctions. The new car tax rules make it harder to buy privately so I am looking into buying at auction.

Many thanks
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Fri 2 Jan 2015 20:49
Cars - Can I claim back auction buyer fees as a trader? - daveyK_UK

I always assumed it was a reduced fee if you had the platinum or black card.

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Fri 2 Jan 2015 21:51
Cars - Can I claim back auction buyer fees as a trader? - Jtautos
The local auction to me is manheim not Bca.
They have changed the amount of vehicles you have to buy to qualify for the discount from 12 to 52 vehicles a year.
Even with the discount on the buyers premium still doesn't make it a cheap place to buy cars so are the dealers claiming back the buyers premuim some how?
Please remember you pay a premuim on every car not per lot!!
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