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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

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
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

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