RE: [doc] Re: Buying Question

["Richard Hutchinson" <dickyh11@xxxxxxxxxxx>]

AFAIK there's no such thing as a 'notional' value

When you import the car you have to provide a receipt from the seller,
stating how much you paid.

Customs then take this amount PLUS how much you paid shipping and then
add 10%, then they add 17.5%. In all you pay customs 29.25% of the cost
of your car & shipping

I found the -only- way I could afford a DeLorean was to buy a very poor
condition one and fix it up myself. This can only work if you are handy
with a spanner and willing to do it all yourself. As soon as you start
paying other people the restoration cost will skyrocket. If I put a
price on the hours I have spent on my car, even at ten pounds an hour I
could have bought at least two mint right hand drives!!!

Rich Hutchinson
DOC 365 VIN 1274 


> -----Original Message-----
> From: doc-uk@xxxxxxxxxxxxxxx [mailto:doc-uk@xxxxxxxxxxxxxxx] On Behalf
Of
> Jon Archer
> Sent: 14 February 2006 18:30
> To: doc-uk@xxxxxxxxxxxxxxx
> Subject: [doc] Re: Buying Question
> 
> Hi,
> 
> New here and very impressed so far! I would love to own a DeLorean and
> I'm currently looking into the best (and cheapest), way to go about
it.
> I'd like to buy through my company and use it as a classic company car
> in the UK. Has anyone done this? I'd like to know the notational list
> price used by the Inland Revenue for tax purposes, and what if any
> figure they use for an average current car to be worth?
> 
> Many thanks if you can help,
> Jon
> starch@xxxxxxx

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