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Low Car Tax Saga....

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  • 30-10-2014 1:09pm
    #1
    Fooddestroyer
    Registered Users Posts: 89 ✭✭


    **Forgive me is this is a well answered thread - my IPad is making it very hard to search and even type!**

    For work reasons, I've just recently moved my young family back from Northern Ireland [UK] to Dublin. Unfortunately, due to high emissions ratings, I feel forced to sell my lovely and very reliable 2005 Volvo V70 D5 as I am unprepared to pay approx €1000 on import tax, and a further €1000 on road tax, not to mention VRT test fees. :(

    Consequently, as a charity worker in a very expensive city, I am now on the hunt and engaging in detailed research on how I can make a good value purchase on a cost-effective to run "family car" (estate or MPV/SUV) with no greater than "Band C". Budget around £5000 equivalent.

    I feel daunted at this task and write to ask Boards.ie and its forum posters for any felt tips advice and help on this matter. Support greatly appreciated. So far I seem to have established that:

    1. I will get more £/€ for my Volvo selling in N.Ireland / UK (because my V70 2.4 D5 costs €1034 annual tax in ROI, making it an unpopular choice for most families, particularly living in Dublin area)

    2. That I need either an
    a. post 2008 vehicle with no greater than tax 'Band C' - equivalent of €390 annual car tax

    or

    b. a pre 2008 vehicle with an engine size no greater than 1.5L* - equivalent of €413 annual car tax

    *some research is flagging up the old debate in favour of buying a petrol. Again, any well-researched comments on this welcome.

    3. I might be better to import the right car from UK/N.Ireland to save money.

    Many thanks in advance.
    Norm

    Irish motor tax bands here: http://www.environ.ie/en/LocalGovernment/MotorTax/MotorTaxRates/MotorTaxRatesbasedonCO2Emissions/

    http://www.environ.ie/en/LocalGovernment/MotorTax/MotorTaxRates/MotorTaxRatesBasedonEngineSize/

    http://mywheels.ie/motor-tax-rates-ireland/


Comments

  • Options
    #2
    Toyotafanboi
    Registered Users Posts: 12,917 ✭✭✭✭Toyotafanboi


    if you owned the car while you lived in N.I. and have moved your full time residence to R.O.I. then you should be VRT exempt i'm pretty sure.

    just be wary of this if you do change your mind on the car as if you do claim the VRT exemption then you aren't (legally) allowed to sell the car for 6 months after claiming.

    that means you will just have to pay the N.C.T. test fee €55 and the road tax. it's a regular debate here that road tax is mental, but given your circumstance, the cheapest option is probably still to pay it, it can be paid in quarters also.

    your car is worth around €4k here, so if you sold it, your €4k certainly wouldn't get anywhere near as nice a car in tax band c or better in a post 08 car unless you put around the same figure again with it. additionally if you go for a pre 08 car 1.5 or smaller you will end up in a petrol focus or corolla type thing which is also much worse than the car you have right now.

    my opinion - take VRT exemption if you are applicable, pay 6 months road tax and suck it up as the cheapest, best solution.

    have a look here http://www.revenue.ie/en/tax/vrt/vrt-guide.html#section11


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