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July 30, 2020 at 9:27 am
I was glad to learn why motor cars are an exempt disposal. But i was wondering why vintage cars are exempt disposals? ‘Cause their value would obviously increase over time and hence give rise to chargeable gains. So why would would HMRC want to lose out on such a revenue generating offer?
August 20, 2020 at 10:24 am
They are not exempt but charged as a chattel instead.
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