For MOTOR VEHICLE property the premium is 10% of the
For AUTOMOBILIA and other non-motor
vehicle property, the premium is 25% on the
first $150,000 of the bid price, 20% of the
amount of the bid price above $150,001 up
to and including $3,000,000, and 12% on
any amount exceeding $3,000,000.
, number VI/1087220/1
|||Exempt from tax|
Zero rated for VAT, no VAT will be added to the Hammer Price or the Buyer's Premium.
Custom's duty, calculated at 2.5% of the purchase price, and associated import fees are payable on all lot marked with this symbol. However, if the purchased lot is exported within certain criteria, the duty can be refundable.