Is the Chancellor About to Scrap the 40-Year Classic Car Exemption?
Is the government about to tax our motoring history? Reports suggest Chancellor Rachel Reeves could scrap the 40-year tax exemption for classic cars — a move that might rake in £100 million a year… but risks wrecking a £3 billion tax-positive industry in the process.
It’s short-term thinking at its worst — taxing passion, culture, and Britain’s proud automotive heritage for a quick cash grab.
Read/watch my latest piece to find out what this could mean for classic-car owners, the industry, and our identity as a nation of petrolheads.
Let’s stop this in its tracks!
Regards
Shahzad | BrownCarGuy
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