308 GT4 LIst price new?

[Davel]

Toying with one of these as a winter/spring hack when not using the bike and buying it as a company classic car. Commute about 30 miles a day in total.

Can anyone tell me what the list price would have been in 1976 please, as I need to calculate the BIK.

I've had one of these before and quite miss her.

[Dinoboy]

Not sure about gt4,a 308 gtb cost £11997 in 76.Cant have been too far away from that !

[BigAlinEmbra]

Classic cars are taxed on their market value and not their list price.

[octanebooster]

BigAlinEmbra said:

Classic cars are taxed on their market value and not their list price.

Not entirely true. If the market value is less than 15k, it is not regarded as a classic car by the Inland Revenue and list price applies. However with a gt4, the two are probably pretty similar.

[anonymous-user]

Davel said:

Toying with one of these as a winter/spring hack when not using the bike and buying it as a company classic car. Commute about 30 miles a day in total.

Can anyone tell me what the list price would have been in 1976 please, as I need to calculate the BIK.

I've had one of these before and quite miss her.

RRP in 1974 was £7698 - without factory options.

[rubystone]

octanebooster said:

BigAlinEmbra said:

Classic cars are taxed on their market value and not their list price.

Not entirely true. If the market value is less than 15k, it is not regarded as a classic car by the Inland Revenue and list price applies. However with a gt4, the two are probably pretty similar.

Really?...so if I buy a Triumph Slag as my company car I only pay tax on its 1974 list price?????

[944gav]

HMRC define a classic car as one that
- is at least 15 years old at the end of the year of assessment, and
- has a market value of at least £15,000, and
- has a list price lower than market value.

If it does not come within these definitions, the BIK would just be calculated using the list price at the appropriate percentage.

[Davel]

Thanks for that.

Was considering a 30 year old 308 GT4 at about £14k so, either way, it ain't going to be a big BIK and presumably I can put any running costs and maintenance etc through the company as I do with my company Touareg currently.

[octanebooster]

rubystone said:

octanebooster said:

BigAlinEmbra said:

Classic cars are taxed on their market value and not their list price.

Not entirely true. If the market value is less than 15k, it is not regarded as a classic car by the Inland Revenue and list price applies. However with a gt4, the two are probably pretty similar.

Really?...so if I buy a Triumph Slag as my company car I only pay tax on its 1974 list price?????

Absolutely, Stags & Jags from the 60's and 70's make great company cars, plus tax and VAT relief on all those repair bills!