2011 Mustang GT in UK but thats it...

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grahamngillian
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Re: 2011 Mustang GT in UK but thats it...

Postby grahamngillian » Thu Oct 11, 2012 2:13 pm

Expat wrote:OK,
I am VAT EXEMPT on vehicle imports (NATO posting). So no tax due from me...ever...and for that matter, I am VAT/duty exempt on anything posted to my official mailing address.




You lucky 'stard.

Now thats sorted lets get this thread back on track

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Re: 2011 Mustang GT in UK but thats it...

Postby cati » Thu Oct 11, 2012 5:32 pm

Expat - this is all true while the item remains in your possesion.. if you or another person sold it to someone else not on a nato posting it would probably attract tax..

how this is reconciled is a different issue. I guess you have to fill in a UK tax return? or an IRS one - then either HMRC or IRS would pick it up

there was a big scandal down at Lakenheath in the 1980s with this going on and the service personel end up either being busted in rank in alaska pumping shit and piss out of KC135s or doing time at Leavenworth. A friend meet one of the guys in Elemendorf in the middle of december when he was on VC10s and need their AC servicing for a quick turnaround. Typical Brit thought reading the riot act would motivate the guys. The individual turned around and said " I am an airman, working in the coldest place on earth, pumping shit and piss. What could they do to me that would not be worse than this"
Last edited by cati on Thu Oct 11, 2012 5:40 pm, edited 2 times in total.

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Re: 2011 Mustang GT in UK but thats it...

Postby KangaMan » Thu Oct 11, 2012 5:35 pm

Please...thanks for all input (including the funny ones!) :lol: - i'm learning so much...

Right i've just now found out more info:- registered it in the US September 2010. plate # is AE60. He told me that there is the 20% VAT and 5% import tax on the UK value of the car. I'll put some pics on here for you guys...(hope it works)
Remember he would like 19k, but I reckon a deal could be done & what invoice do you use for customs purposes>? :?
Thanks Guys
Nope not sure how to show pics from my desk top....anyone help?

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Re: 2011 Mustang GT in UK but thats it...

Postby KangaMan » Thu Oct 11, 2012 5:41 pm

KangaMan wrote:Please...thanks for all input (including the funny ones!) :lol: - i'm learning so much...

Right i've just now found out more info:- registered it in the US September 2010. plate # is AE60. He told me that there is the 20% VAT and 5% import tax on the UK value of the car. I'll put some pics on here for you guys...(hope it works)
Remember he would like 19k, but I reckon a deal could be done & what invoice do you use for customs purposes>? :?
Thanks Guys
Nope not sure how to show pics from my desk top....anyone help?
Last edited by KangaMan on Thu Oct 11, 2012 5:45 pm, edited 2 times in total.

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Re: 2011 Mustang GT in UK but thats it...

Postby cati » Thu Oct 11, 2012 5:43 pm

check this out out with the customs office - do they take value at import or the value you paid the seller?

with no knowledge I would expect it to be value paid before import - otherwise he could sell it to you for a fiver you pay a pound in VAT and then flog it for 19k

With the tax man you never win..... go and ask your local HMRC office -they are actually very helpful

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Re: 2011 Mustang GT in UK but thats it...

Postby grahamngillian » Thu Oct 11, 2012 7:58 pm

cati wrote:Expat - this is all true while the item remains in your possesion.. if you or another person sold it to someone else not on a nato posting it would probably attract tax.


In the early 90's my mate was in Germany (with the forces) and he brought a vehicle back under their allowances and he had to keep it 6 months for the tax free shit to kick in when selling it on.
Don't know if that's still the case now. As we know the Tax gods move the goalposts to suit their needs.



cati wrote:check this out out with the customs office - do they take value at import or the value you paid the seller?
with no knowledge I would expect it to be value paid before import - otherwise he could sell it to you for a fiver you pay a pound in VAT and then flog it for 19k
With the tax man you never win..... go and ask your local HMRC office -they are actually very helpful


We used to import cars from Japan about 12-13 years ago and we got the Japanese seller to reduce the cost of the car and increase the shipping price because back then the taxes were due ONLY on the goods, not the shipping as well but the ever changing rules screwed that loophole up.
We used to get off with the one of the taxes (can't remember if it was the VAT or duty) if we picked the car up in Amsterdam, got a fuel receipt from a mainland europe and drove it home............All in the distant goalpost moving past, alas.

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Re: 2011 Mustang GT in UK but thats it...

Postby LV51FER » Thu Oct 11, 2012 8:15 pm

I'm sure you will find that the import duty is 10%. As I understand it, you're either exempt or you're not. If you're not, you pay the normal 10% duty and then 20% on the price and the 10% duty.

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Re: 2011 Mustang GT in UK but thats it...

Postby cati » Fri Oct 12, 2012 6:23 am

Yes it used to be six months wait for resale and now it's one year. It's worth talking to an expert though so you know where you stand

It could be fantastic and you are in the clear , or you might be liable for a large amount.

I really hope it is the former, and seriously hmrc and customs are genuinely really helpful. They where we I moved back from the us, saved me a couple of grand in duty

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Re: 2011 Mustang GT in UK but thats it...

Postby 07GT/CS » Sat Oct 13, 2012 3:41 pm

That "IVA" work looks very temperley done. Typically of US service vehicles, it will need doing properly before the SJB box suffers. Us this as a barginning tool on the price.

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Re: 2011 Mustang GT in UK but thats it...

Postby KangaMan » Thu Oct 18, 2012 9:05 am

Just posting this transcript from my emails (read bottom to top) for any feedback, but I've got to say I think the newer shape has lost its retro & appears more 'euro' looking or is this just me?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Fair enough Greg, still being told 10% & 20% (32% componded)
- just finding out what value they use to see if its viable at £18k
How bad it the scratch & chip?
Also did you check out if this in the batch affected by the misfire and detonation issue and gearbox quality issues..? some early new shape model have had issues...
Thanks Warren

In a message dated 17/10/2012 11:47:49 GMT Daylight Time, writes:
Warren,

Well, as I said before I am not that motivated to sell it. I had a look on ebay.co.uk and there was a 2010 going for 25,000 and the 2012 is going for 31,000. The lowest I could go would probably be 18,000.

Greg


On Tue, Oct 16, 2012 at 8:24 PM, > wrote:

OK Greg, I know what your saying...

At the moment I've yet to find out for sure the extra costs involved, but it appear its 10% duty then 20% effectively 32 compounded so if you want 19k + taxes = £25080
This price for a late 2010 registered stang even with the mods seems too high,
Can you let me know you bottom sell price please...? Thanks
I live near Colchester, so not too far away...
I will investigate the taxs laws more tomorrow, maybe they use a sales invoice from you to me as a stated value for customs purposes...this could help.

Thanks for your honesty & speedy replies,
Warren

In a message dated 16/10/2012 07:57:05 GMT Daylight Time, writes:
Well it is a 2011 model. They released he 2011 model in 2010. There is a difference in the 2010 and 2011. They have the same body style but the 2011 has a 5.0L and 6 speed transmission. The 2010 had a 3 valve per cylinder 4.6L and 5 speed transmission. It is essentially the same as the 2005-2009 with a different body. The 2011 was completely different except for the body.


On Mon, Oct 15, 2012 at 1:51 PM, <> wrote:

G'day Greg,

Done a little more research & as the stang is 2010 model I feel 19k is higher than market value,
I understand you'll probably say different but before I go any further I need to know what your bottom dollar is if you're willing to sell. Sorry to be blunt...but don't what to waste yours & mine time, I am serious but need to know this sooner rather than later - Thanks Warren


In a message dated 12/10/2012 12:24:46 GMT Daylight Time, writes:
Yes I am a US serviceman. I have to wait 6 months before I sell. I have already been in coutry for over 6 months so that's not a problem.


On Fri, Oct 12, 2012 at 12:41 PM, <> wrote:

Thank you, will gather my thought & look into 5% being told its 10%....
I guess you are US serviceman - also not sure but are you allowed to sell before
1 year in the UK?
Thanks Warren

In a message dated 11/10/2012 17:01:45 GMT Daylight Time, writes:
Here are some more pictures. One of the Engine with the Boss 302 intake manifold. Another one after I tinted the side marker lights. One that is in England before I got it registered for the UK.


On Thu, Oct 11, 2012 at 4:50 PM, greg <> wrote:

Warren,

Sorry I didn't get a chance to last night. I registered it in the US September 2010. My plate # is AE60. I am currently not in the UK so I can't get to my paperwork. They told me that there is the 20% VAT and 5% import tax on the UK value of the car. I put some pics on here for you. If you want the most recent ones I'm sure I can get my friend that is in the UK now to take some. These are the "gourmet" pictures. It was when I was living in Arizona, U.S.


On Thu, Oct 11, 2012 at 12:34 PM, <> wrote:

G'day Greg,
No pics ...
Also what the date of registration in USA please (when was it made) please
Also there may be a phone number on the V5 that's state who to ring to tax purposes
please take a look & let me have the number...
Being told about 32% must be added to any sale price...
Thanks again Warren


In a message dated 10/10/2012 09:58:44 GMT Daylight Time, writes:
I can't send pictures on this computer so I will later. SVA and light conversion are done. I brought it to England in April. It does not need an MOT due to the fact that it is less than 3 years old. There are about 15,000 miles on it. There are a few scratches on the rear bumber on the right side and a chip in the paint on the left front quarter panel. The shipping over here took a little bit of a toll on it. Engine mods are Boss 302 intake manifold, JLT cold air intake, and a tune. I have the SCT tuner with 3 different tunes on it. I also have a Flowmaster Hushpower axe-back exhaust.

Greg


On Wed, Oct 10, 2012 at 11:22 AM, <> wrote:

G'day Greg,

19k sounds a little high with the extra charges, but I will find out how much they cost, before I make an informed comment...It will need to be SVA & mot also light conversion?
I'm interested in it, so can you send photos please...
Could you tell me what miles are on the clock & the condition of the car ie any marks/scratches/kerb wheels etc...
What engine mods have you done?
Thanks Warren

In a message dated 10/10/2012 04:59:48 GMT Daylight Time, writes:
Well I would like to get 19K for it before the import taxes. I don't know how much they are though. The car is in the UK. I live in Newmarket, near Cambridge. I do have some pictures that I can send you. They aren't the most updated ones but it looks prett much the same. My cosmetic touches are minor. I tinted the side markers so they blend in with the car. I will try to send you some pictures tonight.

Greg


On Tue, Oct 9, 2012 at 8:23 PM, <> wrote:

Hi Greg
Yes i'm interest - what price are you hoping to get? I guess the car is in the UK...correct?
do you any pics?
Thanks

In a message dated 09/10/2012 13:57:03 GMT Daylight Time, writes:
Sir,

I saw that you are looking to buy your first mustang on Moaners. I'm not quite sure if I want to sell my car but I have been thinking about it. It is not Mineral grey or Tungsten grey. It is a Sterling Grey 2011 Mustang GT. It has a 5.0L and a 6-speed. I have added a few little cosmetic touches and a few performance parts. The thing is that I have not paid te import tax on it yet. I don't know how much that would cost. Well let me know if you are interested.

Greg
Last edited by KangaMan on Thu Oct 18, 2012 4:29 pm, edited 1 time in total.

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Re: 2011 Mustang GT in UK but thats it...

Postby cati » Thu Oct 18, 2012 12:35 pm

Overall it looks like pretty good value to me if it is what you want

Test drive will tell you if there are gearbox issues etc


I think you might be being a little picky on your S197 spec as there are not that many around and less up for sale. If you are waiting for the perfect spec you ,ight have to wait a long time.. As the saying goes you pays your money you takes your choice.

Personally I prefer the pre 2010 for the same reasons as you... The only later version of would have is the new boss or gt500

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Re: 2011 Mustang GT in UK but thats it...

Postby Expat » Thu Oct 18, 2012 3:36 pm

The golden question that wasn't mentioned...

Is there a lien on the vehicle? Is it paid off, do you have the title, etc.

That's a gigantic monkey wrench dealing with a US (likely military) finance company.

If it's not...how much is owed on the car note? <-- That's your bottom line number.


[Edit] Forgot to mention that when initially registering a military member's personal exempt vehicle, you need to provide a bill of sale at that time. So, no luck on getting a markdown. I asked at work today, the chaps told me to search for "IMPS05600" at the HMRC site to get info on what needs to be paid when selling a military imported vehicle. I couldn't find much info, just a phone number. You have the reg, give HMRC a ring to find out how much is owed. The number for the Visiting Forces VAT/Duty specialists is 01865 233891.
I'll find out more tomorrow for my own edification if nothing else.

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Re: 2011 Mustang GT in UK but thats it...

Postby KangaMan » Fri Oct 19, 2012 7:12 am

Expat wrote:The golden question that wasn't mentioned...

Is there a lien on the vehicle? Is it paid off, do you have the title, etc.

That's a gigantic monkey wrench dealing with a US (likely military) finance company.

If it's not...how much is owed on the car note? <-- That's your bottom line number.


[Edit] Forgot to mention that when initially registering a military member's personal exempt vehicle, you need to provide a bill of sale at that time. So, no luck on getting a markdown. I asked at work today, the chaps told me to search for "IMPS05600" at the HMRC site to get info on what needs to be paid when selling a military imported vehicle. I couldn't find much info, just a phone number. You have the reg, give HMRC a ring to find out how much is owed. The number for the Visiting Forces VAT/Duty specialists is 01865 233891.
I'll find out more tomorrow for my own edification if nothing else.


Many thanks for asking... - just ask & reply came back 'There is a lien on the vehicle. The lien holder has the title.' :hang
I guess this is one to stay away from now....to be honest I do think the newer sharp has lost is cool appeal...imho

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Re: 2011 Mustang GT in UK but thats it...

Postby doublerkid » Sun Oct 28, 2012 9:19 pm

Theres a lot of wind and piss being blown about not a lot from what I can see. Simple add approx 35% for taxes/duties and IVA, register it and then you have a 2011 5.0GT owing you £26k ish plus you will loose approx 6-8 weeks in the process.
Is that a deal? Is it worth the hassle?
Not from where I sit.

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Re: 2011 Mustang GT in UK but thats it...

Postby grahamngillian » Sun Oct 28, 2012 10:58 pm

doublerkid wrote:Theres a lot of wind and piss being blown about not a lot from what I can see. Simple add approx 35% for taxes/duties and IVA, register it and then you have a 2011 5.0GT owing you £26k ish plus you will loose approx 6-8 weeks in the process.
Is that a deal? Is it worth the hassle?
Not from where I sit.


Not from this side of the border either, Roger and up here many prices are still higher than the states but still not that high.

I'm sure we could both find the same spec for less money west of the pond, eh?


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