Hey chaps,
Long time no posts, cars been working so least said the better
Anyhow I need your help with another car related question. I've been looking at a nice SVT/Cobra Mustang from the early 90's, the first SVT tweaked cars to emerge from Ford and a rare beast in the states let alone here.
So the confusion I have is the present owner is an US service man who imported the car when he was posted over here, so far so good. Talking to him the car is now registered in the UK and he holds a V5, however he has paid, nor been asked to pay, any import duty / vat as this will be liable when / if he sells the car.
I've been looking into what happens if/when I buy the car, i.e. who pays the duty / how much it would be etc etc
The guy who's selling doesn't have a clue who to ask or any of the details as to what forms and values.
Any pointers would me much appreciated.