kp
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| posted on 19/4/12 at 02:55 PM |
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Valuation of haynes style car in ROI
Hi,
I'm currently going through the process of registering a Haynes style roadster in Ireland.
Here in Ireland, we pay an VRT tax when we register a new car at the rate of 36% of the open market value. The central vehicle office valued my car
(using a consultant and my photos) at 4750euro, which leaves me with a bill of 1710euro to get on the road.
I am going to appeal the valuation, but I will need some evidence to back up the appeal. But I haven't ever seen any locosts for sale in the
Irish auto trader or similar sites (maybe because of the VRT?).
Any Ideas on how I could justify a lower valuation on the car.
Bear in mind, I built the car on very much on the low-cost philosophy, I spend about 1000 euros on parts, everything else I begged borrowed or stole
from scrapped cars or friends with machining skills/tools
Thanks
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ashg
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| posted on 19/4/12 at 03:53 PM |
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my haynes roadster cost 3k to build. my build was covered in CKC magazine and i believe i published the cost. i can look up the issue if that is
usable as evidence?
Anything With Tits or Wheels Will cost you MONEY!!
Haynes Roadster (Finished)
Exocet (Finished & Sold)
New Project (Started)
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Humbug
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| posted on 19/4/12 at 04:14 PM |
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I can see why you would want to reduce the price, but presumably the registration authorities are putting a value on what they think it would fetch on
the open market, regardless of how much it actually took to put it together. Not sure about Ireland, but a value of about £4000 for a freshly-built
locost doesn't sound wildly wrong.
Apart from trying to show how much you put into it (i.e. less than €4750), could you go back to them and ask them on what basis they come up with
their figure, i.e. get them to point to other similar cars and values?
Failing that, depending on the rule in Ireland, could you get it IVAd and registered in NI and them import it back, or would you still have to pay the
first registration tax?
Good luck - let us know how you get on.
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kp
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| posted on 19/4/12 at 04:33 PM |
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Humbug,
You are correct, the valuation is based on an open market value, regardless of time and money spent on the build.
The VRT has to be paid on any car being registered for the first time in Ireland regardless of origin, imported or built in a garage, so your idea of
bringing it in from NI won't work.
I was actually surprised at the valuation as I wouldn't think that it was a particularly well finished example. (i.e. it does look like a car
built by an amateur in his garage)
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kevmcdo
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| posted on 19/4/12 at 05:47 PM |
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VRT is a right pain. We are moving to Ireland in June and I enquired to see how much it would cost to re register my car and motor bike, feck I nearly
collapsed when they told me as it was over 3k 
Anyone want a Nissan pathfinder or Honda CBR1000RR in a months time I have some going for a fair price!
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kp
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| posted on 19/4/12 at 06:33 PM |
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kevmcdo, you don't have to pay the VRT to re-register if "permanently" moving to ireland and bringing your car with you. BUT you
can't sell it for 12 months.
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kevmcdo
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| posted on 19/4/12 at 07:12 PM |
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Yep, I was planning on selling the bike for another kit during the summer and replace the Pathfinder in around Oct as we change cars every two years
before the mileage gets too high. Bit of a pain selling before we go as there might be a period of time without transport!!!
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martin62
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| posted on 20/4/12 at 05:58 PM |
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vrt
Hi KP what engine are you using because if you are paying vrt at 36% you will end up paying the highest rate of road tax which is approx E2200.If you
want any info try IKCC.IE
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on_eighty_runner
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| posted on 22/10/12 at 05:50 PM |
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a bit late I know, but is there any chance of sharing or having a copy of the valuation report from revenue?
as stated, the engine selection will affect the co2 but this is fixed at registration and doesnt move.
there is a section in the type approval regs for cars with no C02 figures.
I have sent you a PM, give me a call or text if you can,
steve
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Zebrano
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| posted on 7/9/15 at 05:00 PM |
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Did you ever get yor car registered and on the road
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