Mexnut wrote:
michelb wrote:
chipster wrote:
Yes it will be deducted. You will pay taxes on the value minus the $800.
+1
It's like any other US purchase. You get a certain amount for the length of time you are in the US (i.e. if you're only there one day, you don't get anything, if you are there one week you get $800. If you are multiple people, you get the discount for each person (i.e. after 1 week in the US, a family of 4 is allowed to bring in 4x$800=$3200 tax free.
BUT, you are not allowed to combine the 4 duty free allowances on a single purchase. At least that's the way it was for us last summer.
dieharder wrote:
Among other terms and conditions, you are not allowed to combine your personal exemptions with another person’s or transfer them to someone else.
In addition, children can only get the $800 exemption if the goods being declared are for the child's use.
Therefore, it would be extremely difficult to apply the entire families personal exemptions onto one RV, but it could work depending on who you get at the border.
Good point - never even thought of that. Actually now that I think of it, I thought I had read somewhere that you don't get the exemption anyway if your total purchases are over the limit (i.e. if you buy $1000, you are taxed on the full $1000 not on $1000 - $800) but I could be wrong. I suspect that enforcement varies so the border / agent probably makes a difference.
I think with every vehicle I've purchased except for one, it's been a day trip to pick it up and I was alone anyway so it didn't apply. I'll have to see if I still have the receipt from the one we pick up as a family and brought it in at the end of the 'pickup trip'