Personal Import Tax
Discussion
Hi All,
A friend is intending to import a dodge viper from the US. He has owned the car 6 months (has lived there for 2 years) and has a UK address (his own) where it's going to.
Anyone know what personal importat tax is likely to run on this, or any other charges he should watch out for?
cheers
Night
A friend is intending to import a dodge viper from the US. He has owned the car 6 months (has lived there for 2 years) and has a UK address (his own) where it's going to.
Anyone know what personal importat tax is likely to run on this, or any other charges he should watch out for?
cheers
Night
god this is a knowlegable lot - thanks you all kindly, you've been marvellous
Obvious question though....lets assume its 20% after its all worked out...20% of what precisely? His valuation, their valuation, random persons valuation?
I reckon my car is worth X. The insurers no doubt reckon X/2, but I could probably argue X+ to some thickie....so who decides??
cos I'll give him a fiver for his viper otherwise and pay 22% import on that....!
>> Edited by Nightmare on Tuesday 13th July 14:20
Obvious question though....lets assume its 20% after its all worked out...20% of what precisely? His valuation, their valuation, random persons valuation?
I reckon my car is worth X. The insurers no doubt reckon X/2, but I could probably argue X+ to some thickie....so who decides??
cos I'll give him a fiver for his viper otherwise and pay 22% import on that....!
>> Edited by Nightmare on Tuesday 13th July 14:20
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