Vehicle Excise Duty or to me road tax

[Billymcmred]

Hi
I have seen a rather nice F type today and just want to check about the first year road tax cost, I have seen first year Road tax at nearly £200 per month after a year reduces to £190 + the £410 premium for cars over £40,000 when new for 5 years
Have I understood the first year tax correctly nearly £2400 :shock: the car is only a few months old I just want to understand if i buy it I’m committing / budgeting for £200 a month in road tax before it reduces to merely £50 odd a month

 

[Kev]

What year is the car you're looking at?

 

[Billymcmred]

What year is the car you're looking at?

Registered 31/01/2023 it’s nearly 4 months old

 

[jagseven]

I believe the answer is no - the first year tax is built into the new car purchase price. If a car is then sold within the first 12 months then the new owner pays £600 for the next 5 years before it drops to £190 after that.

Search for a thread “vehicle tax reduction” for more detail on this.

 

[Billymcmred]

I believe the answer is no - the first year tax is built into the new car purchase price. If a car is then sold within the first 12 months then the new owner pays £600 for the next 5 years before it drops to £190 after that.

Search for a thread “vehicle tax reduction” for more detail on this.

Nice one I do hope so I will search for the thread

 

[munchie]

Jagseven is correct.

 

[scm]

I believe the answer is no - the first year tax is built into the new car purchase price. If a car is then sold within the first 12 months then the new owner pays £600 for the next 5 years before it drops to £190 after that.

Since tax is no longer transferrable, surely a buyer of a less than 12 month old car would have to stump up the pro-rated first year tax? The original purchaser should get a refund for the unused part of his tax year.

 

[Billymcmred]

I believe the answer is no - the first year tax is built into the new car purchase price. If a car is then sold within the first 12 months then the new owner pays £600 for the next 5 years before it drops to £190 after that.


Since tax is no longer transferrable, surely a buyer of a less than 12 month old car would have to stump up the pro-rated first year tax? The original purchaser should get a refund for the unused part of his tax year.

I searched back as suggested for” vehicle tax reduction “ as suggested the attached post makes most sense the luxury tax kicks in from second time car is taxed not second year maybe @mickjaguar could comment again it’s his post I have attached :!:

 

[MikeM]

I believe the answer is no - the first year tax is built into the new car purchase price. If a car is then sold within the first 12 months then the new owner pays £600 for the next 5 years before it drops to £190 after that.

Since tax is no longer transferrable, surely a buyer of a less than 12 month old car would have to stump up the pro-rated first year tax? The original purchaser should get a refund for the unused part of his tax year.

No. New car RFL is about the car not the owner.