OK, I am looking to try to buy from Heritage Auctions. I just want to make sure of a few things before I jump into it.
If I am reading it correct, this is what you pay...
1) Price you won it for 2) 15% Buyer's Premium(Min. $14) 3) Shipping ($4 for up to $99, $6 for $100-$299, etc) 4) Add. Shipping ($1.15 + $0.45 each additional item)
I there any State Tax to be paid? I ask this because I have been successful in auctions in Oz, where I have paid a buyers premium, then 10% Goods and Services Tax on behalf of the oz States, is levied on the buyers premium making a total of 16.5%.
I have been in the U.S. and have noted that a State Tax is also levied. I understand this tax varies from State to State.
Incidentally, if I want to bid in an American auction, would I have to pay any U.S. taxes if I were to be successful?
I understand that I pay no taxes to the British Government if I buy from a British source, because I would be an overseas customer.
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