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What taxes to pay on registering a classic?
Sirs, I have an opportunity to purchase a classic car that was acquired in the UK in 2006, but little used and never registered. What registration charges and/or penalties are likely to be due now?
Much obliged.
James Edwards. Tullow.
James EdwardsNov 2015 Filed under: classic cars
Expert answer
Hi James,
It depends on what you mean when you say 'classic.' If the car is more than 30 years old (taken from its first date of registration) then you'll only have to pay a nominal Vehicle Registration Tax fee (about €200) and motor tax will be €56 for a year. If it's younger than 30 years then you'll have to pay VRT at the full rate and depending on the car and its estimated value that could be quite expensive.
Neil Briscoe - Complete Car Adviser@neilmbriscoe