1972 VW Beetle

monseiur

I have an option to buy a 1972 VW Beetle, it's my uncles in the UK - he was big into classic cars but is now selling up and moving to the Canaries. Car has been totally rebuilt from ground up and looks almost like new, mileage is around 66k. I can have it for £10k sterling, uncle says the open market price is at least 12k sterling.

So my big concern is about VRT, VAT etc when importing it. How will it be valued by revenue ? If my uncle issues a £10k invoice will it be acceptable as valuation or how do they value classics?

Have imported many modern cars over the years but have no clue about classics, any advice would be greatly appreciated.

galvo_clare

Over 30 years old is flat rate. €156 I think.

monseiur

https://www.boards.ie/discussion/comment/122203299#Comment_122203299

That's great news, thanks galve_clare greatly appreciated.

Esel

https://www.boards.ie/discussion/comment/122203299#Comment_122203299

Flat rate for VRT is €200.

Afaik Duty and VAT wil be due on the invoice price plus shipping. That would be over €4K on a £10K invoice!

If the car was registered to a private individual in NI for at least 3 months, then only VRT would be charged.

galvo_clare

Apologies. Forgot about VAT.

homingbird

So you either need a address in the north or know someone in the north that you can leave it in there name for 3 months before it goes into yours to avoid any unnecessary taxes.

Marcusm

https://www.boards.ie/discussion/comment/122209720#Comment_122209720

when you say “avoid” you meant to type “fraudulently evade”.

emo72

https://www.boards.ie/discussion/comment/122209766#Comment_122209766

The rules are the rules, no law is been broken. You'd nearly swear billionaires don't try to avoid tax, and volunteer to pay as much tax as possible 😄

myate

I recently looked into getting an old Beetle from the UK but it was working out too expensive…along with the VAT, add in transport also . Plenty of Beetles in Ireland if you seek them out beyond the usual DD adverts. I found a beautiful immaculate '67 for around 14k…really immaculate hence the price.

I dont know

Did you buy it? £10k seems a lot for 1972 Beetle - different story for 1967 or earlier in great shape
I have a 1972 1200 standard Beetle. Bought for €1,800 about 8 years ago. Granted its in average shape & could benefit from a respray, but mechanically great, MOT'd up North etc. If i did a complete nut & bolt restore on it, I still don't think it'd be worth £12k

Check on https://forum.eircooled.com/ or

Northern Beetle Owners Club

Eircooled facebook

monseiur

https://www.boards.ie/discussion/comment/122286559#Comment_122286559

After a lot of number crunching I decided not to buy. With the Euro Sterling rate at €1.21 plus VAT, transport etc. etc. it was way outside my budget and would be basically ''dead money'' parked up in garage 90% of the time. I guess classic cars is a rich man game…better keep doing the lotto😊

myate

https://www.boards.ie/discussion/comment/122288928#Comment_122288928

I'm finding that! Still glad I bought the '67 but since early May I've had it out maybe 4 times! Still though each time brings a smile driving it!! Always wanted one so no regrets. And with it being a '67 with numbers matching, in superb condition, the value isn't going down if I decided to sell it on at some point.