Someone I know said that there is a tax exemption for cars imported that are over a certain age.
He thought it was 10 years but looking around the forum it must be older than that.
If this is true it could open doors to all sorts of nice cars. Not necessarily stately old Rolls Royce’s but there are a lot of older cars that are very nice and cheap in Europe.
Anyone know anything about this?
A few weeks ago I enquired at Customs in Bangkok about importing my 50 year old motorbike. The maximum discount for import duty is 70% after 10 years, but that is 70% of 214% of CIF (Cost, insurance and freight). I thought I might be able to convince them that the cost when new in 1957 was £256, but they looked up the current value of my bike on the internet and found one for sale in UK at £4500 and used that value to calculate the import duty! i.e. £4500 plus insurance & freight @ £1000 = £5500 x 214% = £11,770, less 70% discount = £3531 import duty!!
Import Tax Vintage Car
in Thailand Motor Discussion
Posted
A few weeks ago I enquired at Customs in Bangkok about importing my 50 year old motorbike. The maximum discount for import duty is 70% after 10 years, but that is 70% of 214% of CIF (Cost, insurance and freight). I thought I might be able to convince them that the cost when new in 1957 was £256, but they looked up the current value of my bike on the internet and found one for sale in UK at £4500 and used that value to calculate the import duty! i.e. £4500 plus insurance & freight @ £1000 = £5500 x 214% = £11,770, less 70% discount = £3531 import duty!!
It's not worth it!!