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Discussion in 'Transfer forum' started by Kladze, 17 Apr 2015.
I'm pretty sure we'll have to pay VAT.
Sorry not making myself clear, VAT is paid on all transfers yes.
If we agree with Bilbao to buy Laporte direct we pay Bilbao the £51 mill fee plus VAT.
If we want to buy him without their goodwill. Then only the player can buy out his contract, its not a release clause its a contract buyout.
In this case we have to pay the money to Laporte £51 mill plus VAT for the player to pay to Bilboa for his contract. In this case its seen as income for Laporte and he has to pay tax on it. He would then expect us to pay that personal tax bill as well, so we would pay £50mill plus VAT plus his personal tax bill.
Not necessarily, we could treat it as a capital acquisition, but it depends on the Spanish revenue.
The weird tax law which meant that you might have to pay 20% on top of the release clause if the club doesn't play ball has changed this year apparently, it's no longer a factor.
could've told me earlier, would have saved me a few posts explaining it ;)
Still, we could have ducked the income tax.
I remember Bayern having much fun with them when buying Martinez.
Why the concern about vat , dont we offset that against vat we charge out ?
FFP? Does it not apply anymore??
Having a v good game again tonight
Reckon Pep will be asking the Sheik to break the bank for him in the summer