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Quote:
The link I provided lists what modifications are considered to qualify a vehicle for zero-rating. The page specifically lists the example of a steering wheel spinner, commenting that it is not a substantial modification but may be combined with a lift for a wheelchair user to make a vehicle 'substantially modified'. If the total modifications do not qualify as 'substantial' then only the modifications are zero-rated, not the vehicle. What I was trying to convey was that HM Revenue service may become interested in frequent sales of vehicles that are purchased under the zero-rating scheme, and then 'flipped' in the market. That is not to say that it is unreasonable to trade a vehicle in, not at all, but rather that purchasing a vehicle and using the zero-rating scheme to offset depreciation may attract their attention. Just my 2 pence. Good luck.
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2007 X3 3.0si, 6 MT, Premium, White Retired: 2008 535i, 6 MT, M Sport, Premium, Space Grey 2003 X5 3.0 Steptronic, Premium, Titanium Silver 2002 325xi 5 MT, Steel Grey 2004 Z4 3.0 Premium, Sport, SMG, Maldives Blue |
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