VRT QUERY (car from north)

S

SISSOKO

Registered User
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117
Hi all

I bought a car up the north and brought it down on the 18th.
Reduced vrt from the 1st july difference of €1300.
Spoke to vrt office and they said i should be able to avail
of new rate as long as its not on the road (far enough).
The date on the v5 form from garage is the 18th

People keep telling me the vrt will be based on transfer of
ownership (the 18th june) as opposed to registration 1st july.

Can anyone clarify this

Thanks,
 
Only brought a car over from the UK last weekend and according to the Revenue website ros.ie the VRT is meant to be paid the next working day the vehicle is brought into the country.
 
I've placed a deposit on a car up north last week. I'm waiting till the 2nd of July to pick it up for that exact reason. Don't want to give the VRO any excuse to charge me more.
 
I'm using currency.ie

I haven't organised the whole deal yet, waiting till tomorrow or Tuesday. I rang them last wednesday and I was going to be saving roughly 350euro on the transaction compared with a bank draft. (25k sterling deal).

The spot rate has gone slighly in my favour since last week so hoping to save a little more. it all counts ;-)

I only needed to fax in a certified (Signed by Garda/Accountant etc) copy of passport (any identification would do) and proof of address. Required because of the amount being transfered.

After which I've been told I literally do a bank transfer to them and they forward it on. No fee for a 2 day transaction. €15 for same day transaction.

Mahons
 
Mahon

Can you lets us all know how it went.

Experience of currency.ie
I assume you just have to get the bank details of the dealer?
Can you just call currency.ie to transfer the morning you are heading up.

How were the dealers on a cash deal with no trade in?

By rights OMSP should drop on lower co2 cars so even that should help a little.

Full run down would be nice, looking forward to heearing.

Other than that good luck with the new car.
 
Hi Sissoko,

I can't confirm nor deny but as I originally said " I'm waiting till the 2nd of July to pick it up for that exact reason. Don't want to give the VRO any excuse to charge me more."

Regards,

Mahons
 
Frank,

As soon as I complete the deal next wednesday I let everyone know how it went.

In relation to the dealers with cash. I only got £750 off; There weren't really prepared to budge that much on this car.

The car I'm getting is a 3 month old 320D M sport Edition, 1 owner who had to suddenly emigrate (I know alarm bells and all that) but I'm getting the car from David Prentice BMW so it's BMW aproved.

The car was priced to sell already compared with other cars they had in stock of similar ilk (demo models etc..). so I thought i did quite well. All in - I should be getting it for just under €40k (depends on VRT - I'm hoping OMSP drops a little and I save more) compared with new down here for €53.

Regards,

Mahons
 
good catch, apparently I can claim back the UK VAT but I would have to pay the Irish VAT first. trying to confirm such. Otherwise I need to drive for 2500 miles before heading to the VRT office ;-)
 
Mahons

You need to be very sure on this. My understanding is that if the car is under 6 months old or under 6000klms you are liable to VAT in Republic. I don't think you can claim the UK VAT back on a 3 month old car so potentially you are looking at 21% extra or keeping the car out of ROI for another 3 months.
 
Mahons said:
good catch, apparently I can claim back the UK VAT but I would have to pay the Irish VAT first. trying to confirm such. Otherwise I need to drive for 2500 miles before heading to the VRT office ;-)
Click to expand...
Again I think, you can only claim the uk vat back on a brand new car.
If you need to keep the car for 3 months and up the miles to 6k, you might have trouble getting the uk reg insured with an Irish insurer.
You're looking at an extra € 6,650 sorry about that
 
Hope someone here can help me... I have the opposite problem, where I have just brought a car down from up north and I need to get it VRT'd before 1st July as otherwise it'll be way more expensive. Problem is, I do not have the V5, and it would take at least 2 weeks before a new one would get to me. I just have the 'new kepper' slip of the V5 that the seller gave to me. Is there any way I can get it VRT'd without the V5, or do you think I could go to the VRO without the V5 and they'd give me some sort of confirmation slip so I'd be able to pay 'pre-July' VRT cost instead of post-1st July VRT cost?
 
Clohass said:
Mahons

You need to be very sure on this. My understanding is that if the car is under 6 months old or under 6000klms you are liable to VAT in Republic. I don't think you can claim the UK VAT back on a 3 month old car so potentially you are looking at 21% extra or keeping the car out of ROI for another 3 months.
Click to expand...
Clohass you are correct - UK VAT is not refundable on a private 2nd hand car purchase, and the car must have more than 6,000 km on the clock and be more than 6 months old befor it qualifies for Irish VAT exemption as a 2nd hand import.

@Mahons, get the cheque book out, as both VRT and VAT will be payable. I'm amazed you overlooked this as the topic has been covered here many times before - the search facility is very useful.
 
there will be no cheaque book taken out, I can assure you of that. the car is with not a private sale. It's with a large BMW garage up north and i'm in discussion with them at the moment. They are willing to either keep the car until September for me or drive it for the 2500 miles 6-8 weeks they reckon.

Mahons
 
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