eebygum
Active member
If my wildest dreams come true...... I might be purchasing a late 70's 30' boat for around $2000 in the US and looking to bring it back to the UK (and no it's not a hurricane rightoff !). The only other three examples I can find of this make of boat have been up for sale between $14-$20K
If I have a bill of sale for $2000 will this be what the VAT calculation is based on ?
If the boat is subsequently surveyed and insured for $14-$20K would the VAT man use the higher value (in which case I might as well not insure)
If I state the value as $2000 on the VAT form (that's what I paid after all), then are they going to give me a hard time when the 30' boat comes off the Peters & May boat at Southampton (one option I'm considering)
Thanks in advance for any help.
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Age is a question of mind over matter. If you don't mind, it doesn't matter.
If I have a bill of sale for $2000 will this be what the VAT calculation is based on ?
If the boat is subsequently surveyed and insured for $14-$20K would the VAT man use the higher value (in which case I might as well not insure)
If I state the value as $2000 on the VAT form (that's what I paid after all), then are they going to give me a hard time when the 30' boat comes off the Peters & May boat at Southampton (one option I'm considering)
Thanks in advance for any help.
<hr width=100% size=1>
Age is a question of mind over matter. If you don't mind, it doesn't matter.