From Florian Anwander Sent Tue, Mar 12th 2019, 14:27
From Florian Anwander Sent Tue, Mar 12th 2019, 14:27
Hi back from the mountains I'm picking up this thread: Am 07.03.19 um 23:44 schrieb Me: > The thing with paying tax on old goods is that sometimes old goods go up in value rather than down. I think it is not correct to write about "taxes" in general. We talk about VAT = "value added tax". This means: for a used good you have to pay VAT only on the increase of value. Example: Lets assume, Sevo is selling a CS-80 to me for $10,000 net. This would make $1,900 (german) VAT, which he would have to add to the price. But Sevo again bought this CS-80 some years ago for $9,000. Then Sevo has to pay the VAT only on $1,000, which is $190. That is the value that had been added by him (simply by owning the synth and waiting until the price raised). The problem now is, that Sevo has to prove, that he bought the synth for $8,000. The synth must be in his book-keeping. All this is not difficult if you buy from a professional international seller, but becomes close to impossible to explain this to a private seller (I experienced that several times...). Florian