Importing a Carrera GT

[BrntRubber]

Hi All,

As prices of the CGT are much higher in the UK than the US,, I am considering importing one. Does anyone know what sort of taxes would apply to importing one from the USA or Canada?

[Double gauche]

US cars are worth materially less in the UK than EU or UK cars.
Speak to the team that deals with these cars at Porsche Reading.

A little research into the history of the CGT around US allocations and sales will explain a lot.

[JulierPass]

I went through this conundrum a few years ago when I bought mine. The ling and the short of it is that it’s not worth it when you add up taxes and the reception a US car gets in the UK. My advice is go shopping in Germany for one. And once you’ve located the car you want reading, for a small admin fee will register it in the UK for you.

[AndrewD]

There are also a number of spec differences, this thread is helpful:

https://www.pistonheads.com/gassing/topic.asp?h=0&...

However, there are probably cars in other markets which could offer options I am sure.

Frankly, these are stunning cars at current prices.

[Double gauche]

JulierPass said:

I went through this conundrum a few years ago when I bought mine. The ling and the short of it is that it’s not worth it when you add up taxes and the reception a US car gets in the UK. My advice is go shopping in Germany for one. And once you’ve located the car you want reading, for a small admin fee will register it in the UK for you.

agree with this -
there is more choice on mobile.de - sure there are people on here with a view on how FX might move once brexit gets agreed/ whatever ....

[Yellow491]

BrntRubber said:

Hi All,

As prices of the CGT are much higher in the UK than the US,, I am considering importing one. Does anyone know what sort of taxes would apply to importing one from the USA or Canada?

Its deff worth getting one from the usa if its the right car and money,no real difference to worry about,i actualy like the running lights,they are to expensive at the moment in the uk and euro land.
Get one you, will need to pay vat and duty of 10%,they may well be eligible soon for 5% vat and no duty if you can get hmrc to agree it on its rarity,although they are not that rare but ltd production.
Just be very carefull what you buy,as in spec/colours and damage.

[Essential]

Don’t forget to add:

Shipping
Flights to view
10% import duty
20% VAT

[BrntRubber]

Double gauche said:

US cars are worth materially less in the UK than EU or UK cars.
Speak to the team that deals with these cars at Porsche Reading.

A little research into the history of the CGT around US allocations and sales will explain a lot.

Good advice, thank you

[BrntRubber]

Essential said:

Don’t forget to add:

Shipping
Flights to view
10% import duty
20% VAT

If 30% on top of US prices it doesn’t make sense to import it.

[MDL111]

BrntRubber said:

Essential said:

Don’t forget to add:

Shipping
Flights to view
10% import duty
20% VAT

If 30% on top of US prices it doesn’t make sense to import it.

would it not be possible to rent a (cheap) holiday home for say 12 months, register the car there and then bring the car back without taxes once you have owned and registered it there for 6-12 months?

Edit: I have no clue, this is just a question

[NAS90]

MDL111 said:

would it not be possible to rent a (cheap) holiday home for say 12 months, register the car there and then bring the car back without taxes once you have owned and registered it there for 6-12 months?

Edit: I have no clue, this is just a question

Only works if you declare yourself as resident of the USA for tax purposes for that year 9meaning you'd have to be out of the UK for around 185 days of that year, then you have to own the car there for 6 months and keep it for a year once you bring it back.

[Double gauche]

BrntRubber said:

Good advice, thank you

Just tried to Mail you but can’t!
If you could ping me a mail perhaps ?

[hunter 66]

Yellow491 said:

Its deff worth getting one from the usa if its the right car and money,no real difference to worry about,i actualy like the running lights,they are to expensive at the moment in the uk and euro land.
Get one you, will need to pay vat and duty of 10%,they may well be eligible soon for 5% vat and no duty if you can get hmrc to agree it on its rarity,although they are not that rare but ltd production.
Just be very carefull what you buy,as in spec/colours and damage.

Then get someone crazy to test drive it !!!

[MDL111]

coyft said:

NAS90 said:

Only works if you declare yourself as resident of the USA for tax purposes for that year 9meaning you'd have to be out of the UK for around 185 days of that year, then you have to own the car there for 6 months and keep it for a year once you bring it back.

Nice little earner for a retiree! Spend 185 days travelling around the US, pay any taxes due (sure they can be mitigated with forward planning), buy a CGT, come back to the UK and pocket 120k profit!

Or send your kid to do a year abroad at a US Uni and buy him/her a CGT as a run around to bring back

[Yellow491]

hunter 66 said:

Then get someone crazy to test drive it !!!

Haha,remember that well,sales guy not to happy and looked rather green
Whats not so easy is selling a cgt on.

[BrntRubber]

Double gauche said:

Just tried to Mail you but can’t!
If you could ping me a mail perhaps ?

I tried to message you but it wouldn’t let me. It says you don’t allow it.

[Double gauche]

BrntRubber said:

I tried to message you but it wouldn’t let me. It says you don’t allow it.

Try again !!