Purchasing a Car abroad - VRT or CGT implications

T

TheLayMan

Guest
Hi, If a person is working abroad, what are the implications of bringing a car back to Ireland on termination of the temporary employment abroad. Some one told me that you'd have to be living and owned the vehicle for a minimum of 6 months in the EU region and 12 months outside the EU region, then your VRT is excluded on bringing the vehicle into the country.

- Is that true?
- What other duties are applicable, if any?
- Can the car be sold after bringing it into Ireland or will the person be liable for Capital Gains Tax? Are there restrictions on how long you have to own the vehicle here before you can sell it?

Can anyone provide any assistance or any links to the relevant websites?

Cheers
 
Back
Top