Are They Coming for Our Classics? – The Chancellor’s Bonkers Plan to Tax Heritage!
Rumour has it the Chancellor, Rachel Reeves, is preparing to scrap the 40-year tax exemption for classic cars – and if true, it could be one of the daftest economic moves in decades. Because make no mistake – if this goes ahead, you won’t just be taxing old motors. You’ll be taxing passion, history, and an £18-billion-a-year industry that already contributes around £3 billion in taxes annually to the Treasury.
That’s right. The same government that loves to preach about “protecting heritage” might soon be taxing it to death.
