Tax Appeals Commission determination 07TACD2016 regarding VRT, 2016

• Administrative Decision Number: 07TACD2016
• Subject Matter: VRT
• Respondent: REVENUE COMMISSIONERS

AC Ref: 07TACD2016

NAME REDACTED

Appellant

V

REVENUE COMMISSIONERS

Respondent

DETERMINATION

Introduction

This case concerns the valuation of a vehicle for the purposes of ascertaining the open market

selling price (‘OMSP’) in respect of the calculation of Vehicle Registration Tax (‘VRT’) which

is charged at a percentage rate of the OMSP.

Background

The vehicle, the subject matter of this appeal, is a [YEAR REDACTED] Bentley Continental GT

V8, coupe with automatic transmission, registration number [REDACTED]. Mileage at the

time of purchase was 11,770 miles

The OMSP was initially valued at €155,000. The valuation of €155,000 was a rounded down

average of the following valuations;

a) Valuation by a Revenue consultant of €142,500

b) Valuation by a second Revenue consultant of €178,335

c) Valuation by [MOTOR DEALERSHIP A]of €150,000

d) Estimate from [MOTOR DEALERSHIP B]of €151,800.