Wait Time beofre selling an imported Car

oxygen_old

Can anyone tell me if there is a minumum wait time before you can sell a car you import from America. I was looking thru iasis.gov and I cant see anything about a wait time. But I would imagine their would be, to minimise importe car selling

miju

government dont really care once the taxes are paid and AFAIK once you have all the documentation in place then you can sell it on

vector

the only problem I see is if you are avoiding VRT by saying it was your car while you lived in america, they you can't sell it for x months, or if you do then you must pay the VRT

Dub13

Moved from Consumer Issues.

You should get a better response here.

Stephen

As far as I know, if you got a VRT exemption (say if you moved here after living outside the state for a couple of years), you have to keep the car for a year after registering it here before you can sell it. If you paid VRT, you can sell it whenever you like.

peasant

VRT excemption only applies for movement from within the EU.

So for bringing in a car from the US you have to pay VAT, duty and VRT ...whether it's your car or you're just importing it.

The upshot is that you can indeed sell it on as soon as all those are paid.

whippet

there is a minimum time you must keep the car.

If you import a personal car after owning it abroad (subject to being resident abroad, taxing the car abroad, insuring and being able to provide proof of all this) for at least 6 months prior to importing (and subsequently becoming resident in ireland) you do not have to pay VRT.

You will have to present the car within 24 or 48 hours (not too sure on this) to a VRT office (in roslare / dundalk etc) with all the relevant paperwork.

If the car is disposed of (including gifted) within 12 months of the date of registration in ireland (exempt from VRT) the VRT that was exempted will then be due and payable.

There are no loop holes, exceptions etc.

Stephen

peasant wrote:

VRT excemption only applies for movement from within the EU.

No, it doesn't. If you permanently move from outside the state (including non EU locations) you can bring your car with you if you've owned it for more than 1 year (or 6 months in some places, depending on what kind of tax you had to pay on it).

My ould fella did this to import a BMW VRT-free a couple of years ago, as he was working outside the EU for 2 years.

peasant

yep just looked it up ...i was wrong

you can get VRT exemption for outside EU vehicles as well ...if you do you can not sell it on for a year

oxygen_old

Thanks for the reply guys, ye are a wealth of information. I wont be exempt cause what I was thinking was buying a cheap American car, like a dodge, dune buggy etc. changing the drive and importing it. Even with the cheap US prices, weak dollar, I probably wouldnt come out with that much extra, after VAT, duty and VRT have been paid. (and I changed the drive side)

antoinolachtnai

Um, changing the drive side? who were you going to get to do that?

ircoha

oxygen wrote:

Thanks for the reply guys, ye are a wealth of information. I wont be exempt cause what I was thinking was buying a cheap American car, like a dodge, dune buggy etc. changing the drive and importing it. Even with the cheap US prices, weak dollar, I probably wouldnt come out with that much extra, after VAT, duty and VRT have been paid. (and I changed the drive side)

and replace the oxygen supply to your brain

nialldinho

whippet wrote:

If you import a personal car after owning it abroad (subject to being resident abroad, taxing the car abroad, insuring and being able to provide proof of all this) for at least 6 months prior to importing (and subsequently becoming resident in ireland) you do not have to pay VRT.

Do you actually have to live in the country you're importing from? Or could you go over just to buy the car, leave it with relatives in the country for the 6 months and then just import it?

Seth Brundle

nialldinho wrote:

Do you actually have to live in the country you're importing from? Or could you go over just to buy the car, leave it with relatives in the country for the 6 months and then just import it?

To avail of the VRT Exemption, you must prove that you were living and working abroad by providing bills, bank statements, etc.

nialldinho

i thought so. thanks.

was just curious because i saw a new mustang for sale here and figured it must be cheaper to import yourself seeing as the msrp in america is around $20,000.