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11 February 2020, 12:36 AM | #1 |
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Buying watches abroad
Hi all
i am taking a trip to Dubai soon and may look to get myself a Rolex whilst out there. Does anyone have experience in buying watches abroad and bringing them back to the UK with them? Especially for import tax etc. Many thanks in advance! |
11 February 2020, 12:43 AM | #2 | |
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Forget watches and enjoy the sights of Dubai |
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11 February 2020, 12:47 AM | #3 |
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Yes i will do, thanks very much :)
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11 February 2020, 02:40 AM | #4 |
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Not worth it, EU only
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Day Date 18238, Yachtmaster 16622, Deepsea 116660, Submariner 116619, SkyD 326935, DJ 178271, DJ 69158, Yachtmaster 169622, GMT 116713LN, GMT 126711. |
11 February 2020, 03:00 AM | #5 |
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You pay 5% VAT in Dubai. You get around ~4.X% back. Not worth it. Prices in Dubai are generally higher too than the rest of the world.
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11 February 2020, 04:56 AM | #6 |
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Coming back from the Caribbean at Christmas I was told UK Customs add 4.5% customs duty then add 20% vat. It’s not worth trying to smuggle it into the country as they can charge you double the duty and vat as a penalty. Also, your insurance company might not cover any losses if you haven’t legally bought into the country.
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11 February 2020, 05:07 AM | #7 | |
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In 2011 I had a chance to check a sub c at the ad inside the dubai airport. The sales advisor told me that there was no taxback. The price was also higher than in US, so I ended up buying the same watch from US and saved about 1K that time. |
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11 February 2020, 06:35 AM | #8 | |
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It's not worth it
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Day Date 18238, Yachtmaster 16622, Deepsea 116660, Submariner 116619, SkyD 326935, DJ 178271, DJ 69158, Yachtmaster 169622, GMT 116713LN, GMT 126711. |
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11 February 2020, 06:38 AM | #9 |
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Thanks for all the info, really helpful.
Overall it doesn’t seem worth it unless there is a really good deal, but even then I will obviously have to be very careful. |
11 February 2020, 06:38 AM | #10 | |
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