How much road 'TAX' 6 month old car
Discussion
Sold my car which is only 6 months old, when I bought it new, I paid £950 for the first full year's road tax, (as part of the OTRP).
Question: How much refund do I get and how much does the new owner need to pay for the next 6 months ?
I assumed at first I got 50% of £950 back, and the new owner had to pay 6 months i.e £475
However, this quote from Carwow suggests different.
If you request a refund within a year of the car being first registered, you will be eligible for a refund based on whichever is lower: the first tax payment when you registered the vehicle, or the rate for the second tax payments onwards
This implies I would only get £82.50 (full year being £165) - which I can live with
if the new owner only then has to pay £82.50 (for next 6 months)
Question: How much refund do I get and how much does the new owner need to pay for the next 6 months ?
I assumed at first I got 50% of £950 back, and the new owner had to pay 6 months i.e £475
However, this quote from Carwow suggests different.
If you request a refund within a year of the car being first registered, you will be eligible for a refund based on whichever is lower: the first tax payment when you registered the vehicle, or the rate for the second tax payments onwards
This implies I would only get £82.50 (full year being £165) - which I can live with
if the new owner only then has to pay £82.50 (for next 6 months)
That sounds right. Sounds like a GR Yaris…..I think the £950 is pretty much swallowed up on 1st registration so yes, if you immediately SORN’d or sold you would be entitled to 11/12 of £165.
New owner then taxes at the annual rate of £165 whenever they buy. Nice little earner for the government if ownership changes early in the first year!
New owner then taxes at the annual rate of £165 whenever they buy. Nice little earner for the government if ownership changes early in the first year!
bencollins4 said:
That sounds right. Sounds like a GR Yaris…..I think the £950 is pretty much swallowed up on 1st registration so yes, if you immediately SORN’d or sold you would be entitled to 11/12 of £165.
New owner then taxes at the annual rate of £165 whenever they buy. Nice little earner for the government if ownership changes early in the first year!
Yes GR Yaris.New owner then taxes at the annual rate of £165 whenever they buy. Nice little earner for the government if ownership changes early in the first year!
The buyer will be happy to hear that it's only at the £165 rate, and I never banked on a lumpy refund so no loss to me.
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