Discussion
Not sure if this is the right section, so apologies if it isn't.
My son is winding down his business and one of the last things he needs to do is sort his company vehicle. He has purchased the vehicle seven years ago via his business, for himself and it was used for work, and it was purchased new, so it has one owner. In closing the business, he has purchased the car from his own business.
His business address is his home address, so he has asked me if he should use Section 2 - selling or transferring my vehicle to a new keeper?
Or should he use Section 3 - change my name or address?
I assume Section 2, even though it adds another owner to a car that has been his, albeit via his business, from new.
Any advice on this would be helpful.
Section 3 makes sense as a change of address but it is the name change that is throwing me off. I assume that is for people who have gotten married or legally changed their name?
My son is winding down his business and one of the last things he needs to do is sort his company vehicle. He has purchased the vehicle seven years ago via his business, for himself and it was used for work, and it was purchased new, so it has one owner. In closing the business, he has purchased the car from his own business.
His business address is his home address, so he has asked me if he should use Section 2 - selling or transferring my vehicle to a new keeper?
Or should he use Section 3 - change my name or address?
I assume Section 2, even though it adds another owner to a car that has been his, albeit via his business, from new.
Any advice on this would be helpful.
Section 3 makes sense as a change of address but it is the name change that is throwing me off. I assume that is for people who have gotten married or legally changed their name?
Mr_Toad said:
Not sure if this is the right section, so apologies if it isn't.
My son is winding down his business and one of the last things he needs to do is sort his company vehicle. He has purchased the vehicle seven years ago via his business, for himself and it was used for work, and it was purchased new, so it has one owner. In closing the business, he has purchased the car from his own business.
His business address is his home address, so he has asked me if he should use Section 2 - selling or transferring my vehicle to a new keeper?
Or should he use Section 3 - change my name or address?
I assume Section 2, even though it adds another owner to a car that has been his, albeit via his business, from new.
Any advice on this would be helpful.
Section 3 makes sense as a change of address but it is the name change that is throwing me off. I assume that is for people who have gotten married or legally changed their name?
I’m assuming that the ‘business’ that he purchased it from was a company (or another corporate body that has its own legal personality, eg an LLP), and that the company is the registered keeper currently. My son is winding down his business and one of the last things he needs to do is sort his company vehicle. He has purchased the vehicle seven years ago via his business, for himself and it was used for work, and it was purchased new, so it has one owner. In closing the business, he has purchased the car from his own business.
His business address is his home address, so he has asked me if he should use Section 2 - selling or transferring my vehicle to a new keeper?
Or should he use Section 3 - change my name or address?
I assume Section 2, even though it adds another owner to a car that has been his, albeit via his business, from new.
Any advice on this would be helpful.
Section 3 makes sense as a change of address but it is the name change that is throwing me off. I assume that is for people who have gotten married or legally changed their name?
If so, he’s not dealing with a name change - the new keeper is a different person. It was the company and now it’s the individual, and the fact that the address of the two happens to be the same is irrelevant.
I think you have to explain a name change and that explanation is going to be that the vehicle has changed owner. So it would presumably get rejected.
I recently took over daughter’s old car - she married and lives elsewhere - and wondered if I could somehow avoid adding another keeper especially as we’ve had it from new, but it seemed not. Doing a WBAC valuation it only changed by £50.
I recently took over daughter’s old car - she married and lives elsewhere - and wondered if I could somehow avoid adding another keeper especially as we’ve had it from new, but it seemed not. Doing a WBAC valuation it only changed by £50.
bladebloke said:
I m assuming that the business that he purchased it from was a company (or another corporate body that has its own legal personality, eg an LLP), and that the company is the registered keeper currently.
If so, he s not dealing with a name change - the new keeper is a different person. It was the company and now it s the individual, and the fact that the address of the two happens to be the same is irrelevant.
This was my line of thought as well.If so, he s not dealing with a name change - the new keeper is a different person. It was the company and now it s the individual, and the fact that the address of the two happens to be the same is irrelevant.
Cheers chaps
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