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Relocating to the EU - What to do with my coin collection?
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<p>[QUOTE="-jeffB, post: 3248108, member: 27832"]After a bit more reading (but not nearly enough to start selling), it's looking like you can deduct any VAT <i>you already paid</i> on the item you're selling. So if I bought an item for €1000, and that price included €160 VAT, I could sell it for €1100 and remit "only" €49 (1100 x 0.19 = 209, 209 - 160 = 49).</p><p><br /></p><p>All that income-tax fiddling to deduct cost of goods, shipping, etc. is starting to look better and better.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 3248108, member: 27832"]After a bit more reading (but not nearly enough to start selling), it's looking like you can deduct any VAT [I]you already paid[/I] on the item you're selling. So if I bought an item for €1000, and that price included €160 VAT, I could sell it for €1100 and remit "only" €49 (1100 x 0.19 = 209, 209 - 160 = 49). All that income-tax fiddling to deduct cost of goods, shipping, etc. is starting to look better and better.[/QUOTE]
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