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Re-Introduce a Rolling Tax Free Cut-Off for Classic Cars

2 Comments 6th July 2010

Classic car owners suffer from a mean little stealth tax introduced by the last (non-motoring) Prime Minister. The 'rolling' taxation limit of 25 years (ie if older than 25 years no tax was payable) was scrapped, and to be tax-free a car had to be built before 1975. this means that many road-worthy cars, or cars that might have been restored, are prematurely scrapped.  Additionally, when the whole-of-life costs are calculated,  classics are amongst the most eco-friendly on the road. A rolling limit of say 30 years old should be restored.

Why does this matter?

A thriving classic car industry is important to the UK economy, generating many millions in exports and sustaining employment.  



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2 Responses to Re-Introduce a Rolling Tax Free Cut-Off for Classic Cars

  1. Chris owen says:

    Without tax exemption many of these lovely old cars would never be rescued. The cost of maintaining them is already too high to be profitable.

  2. Henry Scrope says:

    The exemption from Vehicle Excise Duty duty for cars and motor cycles over 25 years old was announced in the House of Commons on 28th Nov 1995. It was restricted to cars made before 1st Jan 1973 in the 1998 budget.

    I think this 1998 restriction was too draconian. Restoring the original “rolling 25 years old” exemption might be going too far; if so it should be 30 or perhaps even 40 years – but it certainly should be a rolling period. An arbitrary fixed date is ludicrous and gets more silly with each year that passes.

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