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This may only have a limited audience, but I wanted to do a write up of the trouble I've had in registering my Bronco in Ireland in case any Bronco Buddies ever move to the Green Isle.
Firstly, Background....
When importing a vehicle into Ireland you are liable for VRT (Vehicle Registration Tax). This works out to be percentage (i believe it's something like 36%) of the OMSP (Open Market Selling Price). The OMSP is the value of the vehicle if it were to be offered for sale on the open market (There is a lot of discussion on this at http://www.vrt.ie).
There are exemptions from VRT, the main one concerning me was Transfer of Residence. Basically, if you can prove that you have owned and insured the vehicle for at least 6 months outside of Ireland before you transferred your primary residence to Ireland, then you are exempt from paying VRT on the vehicle.
Now this is where I made my BIG mistake. The vehicle must be registered within 12 months of bringing it into Ireland. I didn't realise this and didn't do this, just stuck it in my garage.....So 6 years later I go to register the Bronco and find out I'm now liable for VRT :doh0715:. As Broncos were never sold in Ireland, the OMSP is determined by the Revenue Commissioners (Irish equivalent if the IRS), and their word is final. So basically this is a value plucked from thin air. So from a guesstimate value of €5,000, I'd be paying €1,800 VRT:cry
However vehicles in Ireland can be converted to commercial vehicles by carrying out a number of modifications. The VRT for commercial vehicles (in my case a Category C due to the weight of the Bronco) is a flat €60. So I am now in the process of converting the Bronco to a commercial.
Also Road Tax in Ireland for passenger vehicles produced before 1 July 2008 is based on engine size, and for anything over 3 litres road tax is €1,566 per year (yes, you did read that right!). Road tax for a commercial vehicle under 3,000kg is €288 per year.
So this is why I am now getting the Bronco changed to a commercial. Subsequent posts in this thread will explain what and how I changed the Bronco.
Firstly, Background....
When importing a vehicle into Ireland you are liable for VRT (Vehicle Registration Tax). This works out to be percentage (i believe it's something like 36%) of the OMSP (Open Market Selling Price). The OMSP is the value of the vehicle if it were to be offered for sale on the open market (There is a lot of discussion on this at http://www.vrt.ie).
There are exemptions from VRT, the main one concerning me was Transfer of Residence. Basically, if you can prove that you have owned and insured the vehicle for at least 6 months outside of Ireland before you transferred your primary residence to Ireland, then you are exempt from paying VRT on the vehicle.
Now this is where I made my BIG mistake. The vehicle must be registered within 12 months of bringing it into Ireland. I didn't realise this and didn't do this, just stuck it in my garage.....So 6 years later I go to register the Bronco and find out I'm now liable for VRT :doh0715:. As Broncos were never sold in Ireland, the OMSP is determined by the Revenue Commissioners (Irish equivalent if the IRS), and their word is final. So basically this is a value plucked from thin air. So from a guesstimate value of €5,000, I'd be paying €1,800 VRT:cry
However vehicles in Ireland can be converted to commercial vehicles by carrying out a number of modifications. The VRT for commercial vehicles (in my case a Category C due to the weight of the Bronco) is a flat €60. So I am now in the process of converting the Bronco to a commercial.
Also Road Tax in Ireland for passenger vehicles produced before 1 July 2008 is based on engine size, and for anything over 3 litres road tax is €1,566 per year (yes, you did read that right!). Road tax for a commercial vehicle under 3,000kg is €288 per year.
So this is why I am now getting the Bronco changed to a commercial. Subsequent posts in this thread will explain what and how I changed the Bronco.