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Declaring SORN

Posted: Sun Jun 15, 2014 10:53 am
by CitroJim
I've now taken the XM off the road and taken it off insurance cover (transferred to the C1).

As cars have to be continuously insured and my XM is now not should I declare SORN?

Also, should I now cash in the tax disc or can I leave it and perhaps sell the remaining tax to an new owner?

Thanks!

Re: Declaring SORN

Posted: Sun Jun 15, 2014 12:08 pm
by White Exec
If you're going to sell immediately, then a SORN maybe isn't woth the trouble. At least the excise tax plus somebody's insurance should make a test-drive legal! Good luck with the sale, Jim.

Re: Declaring SORN

Posted: Sun Jun 15, 2014 1:49 pm
by CitroJim
Thanks Chris :D It's going to be several weeks I imagine...

I'm just hoping she sells to a good home..

Re: Declaring SORN

Posted: Sun Jun 15, 2014 1:55 pm
by mds141
I'd SORN it Jim, just to be on the safe side. http://www.mib.org.uk/motor+insurance+d ... efault.htm

Re: Declaring SORN

Posted: Sun Jun 15, 2014 2:49 pm
by CitroJim
Excellent link Mark, thanks for that. It removes all doubt...

Now SORN'd

Re: Declaring SORN

Posted: Sun Jun 15, 2014 4:26 pm
by White Exec
Good advice.

Re: Declaring SORN

Posted: Sun Jun 15, 2014 4:30 pm
by xmexclusive
Hi Jim

Cashing the tax disc on the sale of a car becomes mandatory later this year.

John

Re: Declaring SORN

Posted: Sun Jun 15, 2014 4:33 pm
by CitroJim
xmexclusive wrote: Cashing the tax disc on the sale of a car becomes mandatory later this year.
Gosh :shock: When does that come into effect John?

Re: Declaring SORN

Posted: Sun Jun 15, 2014 4:42 pm
by mds141
October, IIRC.

Re: Declaring SORN

Posted: Sun Jun 15, 2014 4:42 pm
by xmexclusive
Change in the last Budget as I remember.
New owner must obtain new road tax from date of purchase.
Chancellor gains 2 months road tax on virtually every car sale.

John