Mr Kobayashi
Well-Known Member
- Joined
- 1 Oct 2020
- Messages
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Aren’t “classic” cars over 40 years old?
Only for tax exemption.
HMRC defines classics as being over 15 years old with a list price of at least £15,000, but to be tax exempt, the classic must be at least 40 years old. The Antique Automobile Club of America notes classics must be older than 25 years (with cars over 45 years old known as antiques), whereas insurance providers have a wide range of classifications.
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