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Gift Coming From The US - How much tax will I have to Pay?

  • 15-04-2011 12:49am
    #1
    Zak Flaps
    Registered Users, Registered Users 2 Posts: 2,349 ✭✭✭


    Hi.

    I'm expecting a gift to arrive from the USA next week. It's marked as a gift.
    It cost 313 dollars but my brother marked it as been worth 160 dollars.
    How much tax would I be expected to pay on this?

    Zak.


Comments

  • #2
    TomMc
    Registered Users, Registered Users 2 Posts: 1,616 ✭✭✭TomMc


    If $160 is declared as the value @ roe of 1.44 = EUR110.00 approx

    21% of EUR110 = EUR23.00 + EUR6.00 Post Office Fee = EUR29.00

    They may add some duty but it is usually only 5% or thereabouts.

    So say roughly 30 quid or so if customs/revenue in Portlaoise even catch/levy the parcel when in comes via the post. They often do not bother with amounts in the $100-200 region, and so it comes as free parcel post.


  • #3
    Zak Flaps
    Registered Users, Registered Users 2 Posts: 2,349 ✭✭✭Zak Flaps


    Thanks a million TomMc.


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