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Thread: TAX...

  1. #1
    BMWHaus Contributor
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    TAX...

    If I bought a car today (25/6/14) from when do I have to start paying the tax from since its out since the end of jan???
    I know there are new rules I just wondered will I wait another 5 days to July and get a fresh 3 months?
    Thoughts...

  2. #2
    BMWHaus Guru
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    RE: TAX...

    Quote Originally Posted by MICK FORAN
    If I bought a car today (25/6/14) from when do I have to start paying the tax from since its out since the end of jan???
    I know there are new rules I just wondered will I wait another 5 days to July and get a fresh 3 months?
    Thoughts...
    You owe tax from the date of sale, so you will have to tax it for June :crying:

  3. #3
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    RE: TAX...

    Yep as Cethern said I'm afraid

  4. #4
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    RE: TAX...

    Your liable from 1/6/14...

    If you wait until next month, your still liable for this months tax.

  5. #5
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    RE: TAX...

    "sell" it to a family member / friend and then "buy" it back. Though it may be more the start of August before it gets sorted.

  6. #6
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    TAX...

    Quote Originally Posted by Venom
    "sell" it to a family member / friend and then "buy" it back. Though it may be more the start of August before it gets sorted.
    I wouldn't add another owner just to save a few quid.

  7. #7
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    RE: TAX...

    Quote Originally Posted by Dave
    Quote Originally Posted by Venom
    "sell" it to a family member / friend and then "buy" it back. Though it may be more the start of August before it gets sorted.
    I wouldn't add another owner just to save a few quid.
    Had to be done on a e30m3 recently, and worked out better then paying the back tax versus the value in another owner

    Depends on the car I done it on the e36, couldn't care less personally if theres 100 owners on a car, for something worth money then yes it would be something to consider

    If the owner has not sent off the log book Mick as them to hold off until 1st of July

  8. #8
    BMWHaus Contributor
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    RE: TAX...

    Quote Originally Posted by Dave
    Quote Originally Posted by Venom
    "sell" it to a family member / friend and then "buy" it back. Though it may be more the start of August before it gets sorted.
    I wouldn't add another owner just to save a few quid.
    It wouldn't bother me in the least to add another owner to save a few bob? It's a 1997 3 series,not a new m5???

  9. #9
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    TAX...

    I'm fussy about the number of previous owners so different strokes I guess. How big is the engine?

  10. #10

    RE: TAX...

    get the owner to write 1st of july as date of sale on the log book.

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