VRT values

citroman

I will be collecting a 1990 Ford Escort 5d 1.4 GL in the UK which was owned from new (I think) by my late uncle. I hope to see it next week.

I had a quick check on the VRT site, and was surprised that the OMSP is set at €2000, with the VRT at €720.

Are 1990 Escorts selling for that money here?? It's a fairly basic spec, not a Cabrio or high powered version.

I brought in a 2005 Citroen C5 2.0 hdi VTR last year and paid €500 VRT!

Citroman

corktina

€2000 is the minimum OMSP.

kfog

Due to the cars age it is being taxed at the higher 36% rate with a minimum value of €2000.
If you can prove it is lower emissions you should get a lower rate but you may have to lodge an appeal after you pay.

rugbyman

am 90 % sure of this. If you inherited the car you will not have to pay VRT

regards

Basil Fawlty

They have the CO2 down as 999 so thats why it attracts 36% Vrt. This is because there is no documentation to prove the CO2 for a MK4 escort.

However there is a way of calculating the CO2 using the cars official MPG figures. Which revenue will accept provided you have some documents to prove it. I would take the owners manual as documentary proof.

http://www.revenue.ie/en/tax/vrt/faqs-vrt.html#question42

So according to the owners manual for the MK4 Escort ( that I happened to have right beside me! ) the cars Litres per 100 km is as follows:

Urban: 8.1
Constant 90 kmph: 5
Constant 120 kmph: 6.4


Where the fuel consumption is shown as litres per 100km:
CO2 = fuel consumption x 23.20
e.g. If the fuel is shown as 8.1 l/100km then
8.1 x 23.20 = CO2 emissions of 187.92

VRT = €600

Or using the average of all three above 150.8

VRT = €460

macplaxton

Bottom book price with the Revenue as already stated is €2000.

VRT % for vehicles without proof of emissions and under 30 years old is the top band, 36%. That's how they arrive at the minimum €720.

There is an exemption if you inherit it. (top marks to Rugbyman) However there are certain conditions that must be met:

D'Revenue wrote:

Please provide the following documentation is support of you application.

1. Copy of Death Certificate
2. Copy of Will
3. Copy of Letter of Probate
4. Copy of Vehicle Registration Document
5. Copy of the deceased’s Insurance Certificate for the vehicle

Notes - INHERITANCE
A vehicle which is brought into the State following the death of its owner abroad may be registered without payment of VRT if the applicant:

• acquired it on inheritance, either under a will or under the law relating to intestacy, or
• is the personal representative of the deceased and resident in the State.

Eligibility Criteria


To qualify for relief the applicant must:

• have acquired the vehicle directly under the will;
• be resident or established in the State.

To qualify for relief the vehicle/s must:

• have been the personal property of the deceased at the time of death;
• be brought into the State within two years of acquisition by the applicant

See form C&E 1081 (PDF): http://www.revenue.ie/en/tax/vrt/forms/cande-1081-inherited-vehicles-outside-state.pdf

If you can meet all those requirements, then well done, you've saved a small fortune.

Interceptor

I just bought a 1990 barn find UK registered Mini in Ireland which needs light restoration. The VRT website suggests €540 to clear it - the finished car will be worth barely double that. I'm not happy...

Silvera

Typical...why should the 'minimum book value' be set at €2000 by Revenue?! The usual 'turning their noses up' at what they view as 'old bangers':mad:

corktina

i' not so sure. It is surely a good move to limit the number of cheap old wrecks coming into the Country. This way they have to special to make it worth paying the dosh

macplaxton

Well they used to have minimum VRT levels depending on engine size band, this is just the same in reverse.

It's not a good move, it's market manipulation.

What's an annual vehicle test if not to sift out the wrecks?