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Tax Exempt ? Help please!

Hi folks,

I'm thinking of buying a well loved little car that was first regestered in 1986 from an auction. My dad's just said that if its over 20 years old then it will be tax exempt - is this true?? and if so does that automatically happen or do you have to regester for it or something??

Many thanks in advance for your help

Cheers
HFB

Comments

  • Hintza
    Hintza Posts: 19,420
    10,000 Posts Combo Breaker
    Forumite
    edited 12 April 2009 at 9:07PM
    No you will still have to pay VED. The cut was 1974. My ex father in law has an old stag which just missed the cut of by a couple of months.

    Correction cut of was 1 January 1973.
  • Thanks so much for the reply Hintza.....I thought it would have been too good to be true...!
  • LandyAndy
    LandyAndy Posts: 26,377
    Part of the Furniture 10,000 Posts
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    Hintza wrote: »
    No you will still have to pay VED. The cut was 1974. My ex father in law has an old stag which just missed the cut of by a couple of months.

    Correction cut of was 1 January 1973.

    To be completely accurate the vehicle has to have been manufactured before 1 Jan 1973. If it was built before but first registered after then it is exempt.

    The Labour government abolished the previous rolling 25 year threshold when they were elected in 1997.:o
  • Shoshannah
    Shoshannah Posts: 667
    500 Posts
    Forumite
    LandyAndy wrote: »
    To be completely accurate the vehicle has to have been manufactured before 1 Jan 1973. If it was built before but first registered after then it is exempt.

    The Labour government abolished the previous rolling 25 year threshold when they were elected in 1997.:o


    Bring it back, I say! My car would qualify in a few years!
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