Declaring SORN

[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!

[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.

[CitroJim]

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

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

[mds141]

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

[CitroJim]

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

Now SORN'd

[White Exec]

Good advice.

[xmexclusive]

Hi Jim

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

John

[CitroJim]

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

Gosh When does that come into effect John?

[mds141]

October, IIRC.

[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