Importing a gifted or low sale value motorcycle

Good Morning I'd like to import a motorcycle that will either be gifted to me or sold for a low value (£100) from my father. He purchased the motorcycle second hand in Guernsey over a year ago. My question is, how is VAT or Import Duty calculated on a gifted item or, if the motorcycle is sold to me for £100 by my father, what evidence of this sale would satisfy HMRC? I am aware that I will need the assistance of a customs agent to provide a Customs Declaration and a NOVA. Many thanks Harry

Hi Bikerbear There are specific rules on how goods being imported are valued. Goods from Guernsey are not subject to customs duty but there will be import VAT. You will also find a specific section relating to second hand goods etc. https://www.gov.uk/government/collections/working-out-the-customs-value-of-your-imported-goods If the item is a gift or you pay a nominal amount then the value should reflect a reasonable market price. HMRC do not accept nominal values.

Hi,
Please check below guidance on to find out about Customs Duty, excise duty and import VAT you may need to pay when you send gifts into the UK:
Duties and import VAT on gifts
Thank you