Selling Car & Valuable Reg. No. - CGT Liability ?

[bad company]

I’m thinking of selling a car with a value of c£20,000 with its private registration number worth c£80,000 so asking for £100K.

Would there be CGT to pay? I understand that generally cars are exempt but in this case the number is worth considerably more than the car.

Any help / advice appreciated .

[RSTurboPaul]

bad company said:

I’m thinking of selling a car with a value of c£20,000 with its private registration number worth c£80,000 so asking for £100K.

Would there be CGT to pay? I understand that generally cars are exempt but in this case the number is worth considerably more than the car.

Any help / advice appreciated .

Put the plate on retention certificate and sell them separately?

Who has valued the plate?

Are you a 'good friend'? https://www.pistonheads.com/gassing/topic.asp?h=0&...


EDIT: I realise none of the above answers your question but I think they are exempt??

Edited by RSTurboPaul on Thursday 24th April 10:51

[BlackTails]

bad company said:

I’m thinking of selling a car with a value of c£20,000 with its private registration number worth c£80,000 so asking for £100K.

Would there be CGT to pay? I understand that generally cars are exempt but in this case the number is worth considerably more than the car.

Any help / advice appreciated .

Suggested help: Google it.

If unable to use Google: CGT is payable.

[scot_aln]

https://www.gov.uk/hmrc-internal-manuals/capital-g...

[bad company]

scot_aln said:

https://www.gov.uk/hmrc-internal-manuals/capital-g...

That seems to cover it, thanks. Looks like I’ll have to pay the CGT.

[RSTurboPaul]

I wonder if one can swap something for something else without electronic transfers involved...