Hello and greetings from England
I am giving serious consideration to travelling to the USA and purchasing a Damon Daybreak for import to the UK. I can do that part witout little fuss, except on arrival in the UK, I have to pay 10% import duty, plus 17.5% VAT on top. So, in UK pounds,
RV cost = ?40,000
Import tax ?4000
Sub total ?44,000
VAT @ 17.5% = ?7700.00
Total ?51,700.00
So, it seems the total taxes for importing will be ?11,700 sterling. Wow.
If I own the RV in the USA for a period of time, and also reside in the USA for at least 180 days out of 365, these taxes are not needed to be paid when I arrive in the UK with the Damon. UK customs law states that I must have owned the goods - proven by title for 12 months.
Now, the question......
If I buy the RV using a Montana LLC to save the cost of the sales tax, would that actually be regarded as me owning the RV?
Thanks
I am giving serious consideration to travelling to the USA and purchasing a Damon Daybreak for import to the UK. I can do that part witout little fuss, except on arrival in the UK, I have to pay 10% import duty, plus 17.5% VAT on top. So, in UK pounds,
RV cost = ?40,000
Import tax ?4000
Sub total ?44,000
VAT @ 17.5% = ?7700.00
Total ?51,700.00
So, it seems the total taxes for importing will be ?11,700 sterling. Wow.
If I own the RV in the USA for a period of time, and also reside in the USA for at least 180 days out of 365, these taxes are not needed to be paid when I arrive in the UK with the Damon. UK customs law states that I must have owned the goods - proven by title for 12 months.
Now, the question......
If I buy the RV using a Montana LLC to save the cost of the sales tax, would that actually be regarded as me owning the RV?
Thanks