In the UK do you have to pay tax on a new gold chain? however, if it is secondhand is it exempt from tax?

Question

I want to buy myself a gold chain but wonder if it will be cheaper to buy secondhand because you get better value for your money as there is no tax on secondhand goods, is this correct? thanks.

Answer 1

It simply depends on where you buy it.

If you buy second hand from a shop that is VAT registered then VAT will be included or added.

If you buy second hand from a private (Non VAT Registered) person then there will be no VAT.

Answer 2

Yes you are correct, there should be no VAT