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Valuation of old used furniture for removal from EU holiday home to UK?
Dubaidu
Posts: 6 Forumite
I asked this on 'Reduce Tax' thread as well. Want to move old household goods from EU to UK from holiday home. Problem is the removers I've contacted only allow for one valuation for both Insurance (full replacement value) and VAT and Custom Duties (actual value). So one either has to undervalue for Insurance or over value for VAT and Duties. Anyone know a removal company that allows for 2 valuations or of any other solution?
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Blimey, what's it worth & what are the probable costs?? Of our "old household goods" in any of our properties, I doubt very much it would be worth my while paying such removals costs.
Donate to a local charity in whichever country these "old household goods" are?? A good thing to do in this holiday season.
Best wishes to everyone.2 -
They are worth what they are worth! (probably not much). You can't get 2 valuations.Make a list of the items and then check ebay (or a local equivelant) for actual sales prices for a few of them (not a seller's fantasy marketing price).Then make a rough estaimate for the whole lot.Compare that against the shipping cost.Unless you have antiques, valuable paintings etc, or items of real emotional value, I reckon you should just get rid and buy new stuff (or 2nd hand stuff from an auction) back here.You could furnish and equip an entire house here for around £100+
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1. Is the furniture expensive?2. How much is it to ship3. Do you have furniture in your UK property already?4. Is the current value of the furniture plus shipping less than buying replacements in the UK?In-laws are moving back to UK (have furnished house here already). Had to carefully explain no, you don't bring it back to UK to sort, that wool you bought costs more to ship than buying replacement wool in UK.Agree with Artful, is it worth shipping (it all), you could sell or donate it out there and still benefit your purse strings.May you find your sister soon Helli.
Sleep well.2 -
I would estimate that the second hand value of a household of furniture is less than £1000.... perhaps even £500. The probate value of the contents of my parents 4 bedroomed house was £500. That was optimistiic.#2 Saving for Christmas 2024 - £1 a day challenge. £325 of £3661
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So you are looking for a company that is happy to commit fraud? And you'll then trust them with all your stuff?Dubaidu said:
Anyone know a removal company that allows for 2 valuations or of any other solution?
The value of your property is the value of your property and any manipulation to overclaim on insurance or under pay tax is obviously an issue.
What you could look for is a removal company that offers new for old insurance rather than indemnity based cover but I suspect you'll be searching for hens teeth on that front. Some home insurance policies do cover your items when being professionally moved between your homes but the fact its coming from a holiday home may make that complex.1 -
Like others have said: Do you need the stuff here? If not and if it's not expensive stuff it's most likley cheaper to dispose of over there, but just do the sums.
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