Front page of Classic Car Weekly this week is suggesting Capital Gains Tax is being considered for classic cars in the UK (they are currently classified as 'wasting assets' - items classed as having a normal predictable life of less than 50 years - exempt from CGT. These apparently include old clocks and watches, racehorses and most fine wine).
Such a move would of course affect values of many cars including higher value Mini's where they are bought and stored away purely as a tax free investment......
http://www.classicca...kly.co.uk/home/
Edited by mab01uk, 23 September 2016 - 01:02 PM.