I have a Toyota RAV4 for private use and I use it going to work everyday and now I’m planning to change my RAV4 for a Hilux pick-up. Is it possible for me to buy this car? I’m going to use for work as property maintenance and the same time I will use as the family car. I’m not VAT-registered, I’m only self employed with pay-as-you-earn business. Your thoughts?
Filed under commercial vehicle - Asked by Alvin Brato (Dublin 7) - Sat, 01 Jun 2019 09:23
You absolutely can buy a Hilux and use it as a personal car, as well as for work, but if you’re not VAT-registered you won’t be able to claim back the VAT on the purchase, which will make it more expensive. On top of that, you will also have to register it as a private car, which means taxing it on the old engine capacity system. With a 2.8-litre engine, that means annual motor tax of €1,391 per year I’m afraid.
Read our feature on this subject for more: Buying a commercial vehicle for private use