End of Car Tax Transfer
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From 1 October 2014, car owners who want to sell their vehicles privately will be unable to offer the ‘unexpired tax’ incentive to potential buyers.
2.73 million used cars were sold privately in 2012, according to the AA.
When the paper tax disc is abolished in 2014 the sting in the tail will come with unexpired months of tax no longer being transferable to a car’s new owner. Millions of motorists are familiar with the tax disc and having months to run on it can sometimes be a deal maker or breaker for someone looking to buy or sell a car privately.
Instead, the balance of tax will be cancelled (for a refund from the DVLA) and the new owner must buy new car tax.
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