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amysmumamysmum New MemberRegistered Posts: 11
A director of a small limited company is deregistering for VAT and intends to close down the company next year. There will be various assets remaining. Can he remove some of these assets to offset his directors loan?
Also he may want to sell the company van to himself - if the company has deregisted can he purchase the van without paying VAT to the company, i.e. does the company still have to charge him VAT on this disposal of an asset. The company obviously reclaimed the VT paid 2 years ago when the van was originally purchased. The van is now worth around £5000. Thanks
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