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VAT Question On Classic Jag

  • 13-03-2023 04:47PM
    #1
    JK82
    Registered Users, Registered Users 2 Posts: 60 ✭✭


    Hi im looking to purchase a 29 year old Jag XJ40 on Isle of Mann plates. Its been i storage in Ireland. I planned to store it until 3o years old and then import it. I'm just wondering am I liable for Vat and how would that be calculated? I know VRT will be 200.



Comments

  • #2
    w124man
    Registered Users, Registered Users 2 Posts: 2,375 ✭✭✭w124man


    You will need shipping details showing when the car entered the country. As the Isle of Man is a 'British Crown Dependency' of the UK, you will be liable VAT and duty as it isn't in the EU.

    I'm in the middle of negotiations to buy a 320SL from the Isle of Man and when a car is sold there the owner has to deregister it immediately. They have their own rules and regulations there some of which would make you scratch your head



  • #3
    drunkmonkey
    Registered Users, Registered Users 2 Posts: 28,303 ✭✭✭✭drunkmonkey


    If it's a Jaguar it was built in the UK?, I believe that means the 10% duty does not apply under country of Origin rules, so just the vat payable on what ever the invoice price you get says..



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