Classic car age... a question

[Groucho]

It is my understanding that a car over 25 years of age can be imported as a classic car as long as it's registered as such in the UK, but do you have to have owned it for 5 years? As I was discussing this with a friend and this point was not decided... he's thinking of doing so but the ownership rule would scupper this if it is 5 years owned required.

[kerry 6138]

https://www.infonorthcyprus.com/copy-of ... mporting-v

[Groucho]

https://www.infonorthcyprus.com/copy-of ... mporting-v

This doesn't really clarify the situation and ironically states that a classic car must be less than 12 years old! Which would definitely not be a 'classic car'....

[Saddique]

classic car is >25 years of age.
It can be imported by someone who obtains TRNC residency ( Immovable property / high income visa ) when first relocating to TRNC and in this case cars over 5 years old is allowed but ownership > 2 years is required ( from my understanding )

They must stay on the island for a consecutive 60 days before an application at the Gumruk ( customs) can be made and have to obtain residency.
They can only import 1 car if over 5 years old but must have owned it for more than 2 years on the V5C log book.
The customs will use the original factory purchase price / initial invoice from back then to assess the charges payable for classic cars.
The calculation includes value of the car then less 23% vat , then add the freight costs to arrive at the Total GBP value.

This new total value in GBP is then converted to a TL value which they :
then add 10 % customs
then add 4.4 % Dock fee
then add 2.5% military contribution
then add the TL charge for the Cubic capacity based on engine size ( see rates below ) ie. 1600cc x 2.03 TL = 3,248 TL

Cubic Capacity TL rate
upto 1600 per CC - 2.03
1601 - 2250 - 4.03
2251 - 2999 - 7.53
>3000 - 10.53


Then on this final TL total they add 20% VAT / KDV

This is the amount of TLs payable to the customs.

After there is the motor vehicle registration charges and Road Tax.

[terry2366]

Did they not increase the classic car definition to 30 years some time back.