Want to buy a nice CGT - anyone selling??
May 29, 2009 | 05:13 AM
#22
Teamspeed Junior Member
Joined: Oct 2008
Posts: 46
The US only has 2004 and 2005 models for the most part. Depending on the color and the mileage (you want less than 5000), you would be looking at the mid $300k range. Then importing it to England, paying your 18% or 19% VAT, any type of conversion costs, etc... and you may be better off sourcing the car elsewhere in Europe.
May 29, 2009 | 05:52 AM
#23
Teamspeed Pro
Joined: Jan 2008
Posts: 3,798
From: Burlington, Ontario/Marco Island, Fl.
Why not this car? It sounds delicious.
May 29, 2009 | 07:25 AM
#24
Thread Starter
| Teamspeed Junior Member
Joined: Apr 2008
Posts: 52
From: England
The US only has 2004 and 2005 models for the most part. Depending on the color and the mileage (you want less than 5000), you would be looking at the mid $300k range. Then importing it to England, paying your 18% or 19% VAT, any type of conversion costs, etc... and you may be better off sourcing the car elsewhere in Europe.
I am on it!!
May 29, 2009 | 07:28 AM
#25
Thread Starter
| Teamspeed Junior Member
Joined: Apr 2008
Posts: 52
From: England
Be very careful a 'lowish' invoice price may be picked up as the 'Rev' have a good idea on values of these cars and prices.
The duty exemption is 3 years from date of it leaving the EU, I had to provide the original bill of lading when my car left the EU bound for the USA when I brought it into the UK in 2007.
You will make no saving based on current prices/exchange rates buying in the US, in fact it may even work out costing you more.
The duty exemption is 3 years from date of it leaving the EU, I had to provide the original bill of lading when my car left the EU bound for the USA when I brought it into the UK in 2007.
You will make no saving based on current prices/exchange rates buying in the US, in fact it may even work out costing you more.
May 31, 2009 | 11:50 PM
#27
Teamspeed Rookie
Joined: Feb 2009
Posts: 21
From: Up/Down West Coast
Make sure you see the SVAG CGT in person and in the day time. It's a little rough around the edges, including a nose spray that doesn't match very well. - Tim
Jun 1, 2009 | 11:22 AM
#28
Teamspeed Member
Joined: May 2008
Posts: 104
I investigated this extensively before buying my car and car assure you this is correct.
Jun 2, 2009 | 09:35 AM
#29
Thread Starter
| Teamspeed Junior Member
Joined: Apr 2008
Posts: 52
From: England
Sorry but your guy is wrong. The HMRC states that vehicles that are repatriated into the EU within three years of exportation from the EU are exempt from the 10% duty. Over three years and you pay the duty. So you have the purchase price, the vat, the shipping, then the duty on top of that.
I investigated this extensively before buying my car and car assure you this is correct.
I investigated this extensively before buying my car and car assure you this is correct.
I found this on the HMRC web site - seems they can "waive" the three year rule under certain circumstances - I think this is what my guy is saying we can use to get around the rule:
8.1 Can I bring back belongings or a vehicle free of duty and tax?
Yes, as long as:
for customs duty purposes:
-if they, or any components, were previously imported into the EC, any customs duty was paid and not refunded when they were exported from the EC
-they have had no alteration outside the EC other than necessary running repairs and
-they are brought back to the EC within 3 years*.
*Note: For both customs duty and VAT purposes we will waive the three year time limit if you can meet the other conditions and we are satisfied the belongings or vehicle were indeed previously in the EC and are not being imported in the course of business.
Jun 2, 2009 | 10:14 AM
#30
Teamspeed Pro
Joined: Jan 2008
Posts: 3,798
From: Burlington, Ontario/Marco Island, Fl.
Interesting. Thanks for the info, I wasn't aware of the paintwork.