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Will the new VED rules effect classics?
Do the new regulations on road tax in any way change the "Tax Exempt" status of classic cars? Also what now will be the process to move a classic from SORN to on the road?
Asked on 27 September 2014 by JollyJack92
Answered by
Honest John
Each time keepership changes the new keeper will need to reapply for tax exemption. SORN is non transferable. You can't trasnsfer SORN when you sell a pre 1974 classic. The new keeper either has to apply for tax exempt status for a year or apply for his own SORN if he doesn't wish to insure the car.
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