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OMV & List Price

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  • 28-11-2007 1:59pm
    #1
    lafors
    Registered Users Posts: 4,316 ✭✭✭


    Right Guys, I have a company car.
    I pay BIK at at rate of 30% on this car as I do less than 15k per year.
    http://www.revenue.ie/leaflets/BIK_CoCar.pdf

    What I want to know is, this car has a list price of €26,710 (Honda Civic 4dr Saloon). But I thought OMV (open market value) was the price of the car minus the VRT & VAT?

    Am I right or am I wrong?


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    #2
    lafors
    Registered Users Posts: 4,316 ✭✭✭lafors


    I'm wrong, crap :)

    The Original Market Value (OMV) of a car is the price
    (including any duty of customs, duty of excise or
    value-added tax chargeable on the car) which the car
    might reasonably have been expected to fetch, if sold in
    the State singly in a retail sale in the open market,
    immediately before the date of its first registration in
    the State or elsewhere. Original market value includes
    vehicle registration tax (VRT).


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