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Duty on engagement ring?

  • 15-11-2006 6:44pm
    #1
    darkskol
    Registered Users, Registered Users 2 Posts: 1,233 ✭✭✭


    Hi, mods feel free to move if this is not suitable place for this.

    The thing is my sister in the US has an engagement ring that has been in the family for years. It is the type of ring my girlfriend would go for. So the family decided I should give it to my girlfriend here. My sister said she would fedex it over putting full value now of €3500 on parcel and insuring it.

    Now my question is would I have to still pay customs/duty on this ring when it reaches Ireland even though it was originally bought in Dublin over 50 years ago.(so VAT already paid?) (the receipt has been lost many a year ago so no proof that it was purchased here)

    Thank you for any advice that you may have.


Comments

  • #2
    mikeruurds
    Registered Users, Registered Users 2 Posts: 1,870 ✭✭✭mikeruurds


    Hi there

    I would recommend that you make an anonymous call to customs and excise and ask them the question.

    There must be some way to declare a family heirloom and thereby avoid paying duty.

    Good luck!
    Mike


  • #3
    kizzyr
    Closed Accounts Posts: 1,410 ✭✭✭kizzyr


    Why don't you and your soon to be fiancee make a trip to the US your holiday and meet up with your sister and collect it from her. Then when you're on your way back your girlfriend will be wearing it and no one will be asking any questions or know that she didn't have it before you went over. If you book your flights fairly well in advance you can get flights cheap enough. I'm off to NYC in a few weeks and as I booked the flights in July myself and my OH got them for €250 return incl tax:)


  • #4
    Fey!
    Registered Users, Registered Users 2 Posts: 4,183 ✭✭✭Fey!


    If it was over 100 years old, then it wouldn't be liable for taxes.

    However, technically the ring mightn't belong to your sister; it may belong to you being a family heirloom, but she has been keeping it for you. Therefore you're being sent your own property, which you have owned but not been in possession of for the last several years.

    If you ask customs about bringing in property that was left to you, you may end up with inheritance tax! If it's marked as a gift, I think you may have a similar problem.

    Ring FEDEX and ask them instead, as it is them who will be sending you the bill. Point out that it's your own property, and ask for confirmation of whether or not you'll be due to pay fees, if so how much, and what ticks your sister is to tick on their dockets.

    Hope this helps.


  • #5
    darkskol
    Registered Users, Registered Users 2 Posts: 1,233 ✭✭✭darkskol


    Thanks for the advice everyone.
    My sister called me yesterday and told me she would be coming over next month so problem solved! :D


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