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?
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