I am selling a website domain name I purchased in 2020 as a business asset to an interested party via a domain trading platform. The trading platform will act as an intermediary and earn 25% commission from the deal – they take the payment from the buyer and when the transfer of ownership is confirmed they release the funds to me less their 25% cut.
I do not and will not know the location or tax status of the end buyer but the trading platform is based in the Netherlands and has both a Dutch VAT number and company registration. The platform gives me the option to calculate VAT based on the country of the seller or buyer – I imagine they give this option as I can buy or sell on the platform but in this case I’m a seller. All my dealings...
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