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 Post subject: Tax free
PostPosted:Mon Dec 26, 2016 11:54 am 
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Big Block
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Joined:Mon Feb 15, 2016 4:30 pm
Posts:537
Car Details:1970 Chevrolet Camaro RS/SS 454
Does anybody know how a car moving to tax free is handled? Assuming he rules don't change, cars over 40 years old are tax free. Do you pay tax up till the date they are registered, or till he following year or some other procedure?


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Tax free

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 Post subject: Re: Tax free
PostPosted:Tue Dec 27, 2016 6:46 pm 
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Big Block
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Joined:Tue Feb 23, 2010 12:40 pm
Posts:3245
Car Details:'79 Camaro, 350 V8
Location:South Bucks
Good question, i would have thought it's until the anniversary of the month and year of registration i.e. a '77 Camaro registered on Feb 1st would be tax free when applying for tax on Feb 1st. Haven't looked much into it bit that's my best guess for now.

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 Post subject: Re: Tax free
PostPosted:Thu Dec 29, 2016 7:19 pm 
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Big Block

Joined:Sun Aug 08, 2010 11:18 am
Posts:148
Car Details:Camaro 1977 LT 305CI V8 small block
Location:Leicester
Quote:
Good question, i would have thought it's until the anniversary of the month and year of registration i.e. a '77 Camaro registered on Feb 1st would be tax free when applying for tax on Feb 1st. Haven't looked much into it bit that's my best guess for now.

I believe the vehicle has to be 40 years old on the first of Jan, so my 77 will be tax free from 2018


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 Post subject: Re: Tax free
PostPosted:Thu Dec 29, 2016 8:41 pm 
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Big Block
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Joined:Mon Feb 15, 2016 4:30 pm
Posts:537
Car Details:1970 Chevrolet Camaro RS/SS 454
Quote:
Quote:
Good question, i would have thought it's until the anniversary of the month and year of registration i.e. a '77 Camaro registered on Feb 1st would be tax free when applying for tax on Feb 1st. Haven't looked much into it bit that's my best guess for now.

I believe the vehicle has to be 40 years old on the first of Jan, so my 77 will be tax free from 2018
Hmm, yes that is what I thought, just chose whatever option gives the tax man the most money and that will be the right one!

Damn, I might need to wait till 2020!


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 Post subject: Re: Tax free
PostPosted:Mon Feb 13, 2017 6:11 pm 
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Big Block
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Joined:Mon Feb 15, 2016 4:30 pm
Posts:537
Car Details:1970 Chevrolet Camaro RS/SS 454
For anyone interested it rolls over on 1st April each year, so depending o when my car is down as registered it will mean either April 2019 or April 2020 before it is tax free!


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 Post subject: Re: Tax free
PostPosted:Tue Feb 14, 2017 9:51 am 
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Big Block
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Joined:Tue Feb 23, 2010 12:40 pm
Posts:3245
Car Details:'79 Camaro, 350 V8
Location:South Bucks
Thanks for looking into that! It makes sense actually then, as it's tied in with the tax year.

_________________
How to post pics: When writing a message, scroll down and use the "attach file" option. Where possible, a photo sharing service can be used such as Flickr, Imgur etc. The image location (usually ending in .jpg) can be copy and pasted between the ][ brackets that appear when you click the 'Img' button (you can find this button at the top of the message box).

How to post youtube vids: Click on the 'youtubeHD' button at the top of the message box and in the middle of the ][ brackets that just appeared, copy and paste everything from the youtube web address that appears after the = sign i.e if this is the url: https://www.youtube.com/watch?v=K2cNqaPSHv0 just copy "K2cNqaPSHv0").


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