The Triumph Dolomite Club - Discussion Forum

https://www.thetimes.co.uk/article/50-0 ... 7be3f82db9

https://www.thetimes.co.uk/article/the- ... 1d69639dbc

Quite why HMRC need to define what constitutes a classic car is beyond me, seeing as any profit made on a car is not taxable under CGT...unless they have plans to change that? Interestingly, my agreed value policy can only be used on cars up to £15k; co-incidence?

xvivalve wrote: ↑Sun Jun 03, 2018 2:26 pm https://www.thetimes.co.uk/article/50-0 ... 7be3f82db9

https://www.thetimes.co.uk/article/the- ... 1d69639dbc

Quite why HMRC need to define what constitutes a classic car is beyond me, seeing as any profit made on a car is not taxable under CGT...unless they have plans to change that? Interestingly, my agreed value policy can only be used on cars up to £15k; co-incidence?

Allot of speculation in the high end of the market, people seeing classics as an investment for retirement. More stuff like Etypes than Dolomites. I suppose HMRC might be interested.

Frankly I think investing in cars is a fools game. For a start there is condition, any classic can hide a horror show. If you don't drive it, the condition can deteriorate and I wouldn't want to put a large amount of cash into something that could literally rust away.

I suppose people think it is a fun investment, there was a similar thing with wine a few years back. I suspect that the market in classics, at least at the upper end is ripe for a correction and decline in prices.

I recall values went mad around 1990 for a while. A lot of folk were stung when the bubble burst and a lot of others just kept the cars and kept quiet!