Declaring SORN

CitroJim · Post by **CitroJim** » Sun Jun 15, 2014 10:53 am

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!

White Exec · Post by **White Exec** » Sun Jun 15, 2014 12:08 pm

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.

CitroJim · Post by **CitroJim** » Sun Jun 15, 2014 1:49 pm

Thanks Chris

It's going to be several weeks I imagine...

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

mds141 · Post by **mds141** » Sun Jun 15, 2014 1:55 pm

I'd SORN it Jim, just to be on the safe side. http://www.mib.org.uk/motor+insurance+d ... efault.htm

CitroJim · Post by **CitroJim** » Sun Jun 15, 2014 2:49 pm

Excellent link Mark, thanks for that. It removes all doubt...

Now SORN'd

White Exec · Post by **White Exec** » Sun Jun 15, 2014 4:26 pm

Good advice.

Post by **xmexclusive** » Sun Jun 15, 2014 4:30 pm

Hi Jim

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

John

CitroJim · Post by **CitroJim** » Sun Jun 15, 2014 4:33 pm

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?

mds141 · Post by **mds141** » Sun Jun 15, 2014 4:42 pm

October, IIRC.

Post by **xmexclusive** » Sun Jun 15, 2014 4:42 pm

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

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Declaring SORN

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