Do I have to pay tax on the sale of a private number plate (UK)?

Answer 1

If you are selling as an individual rather than a trader then I would suspect you might have to pay capital gins tax if there is any major gain over what you paid for it.

You are allowed to make certain gains tax free though

Answer 2

Yes. Private number plates are luxury and not necessity, its like having your own... anything private. You want to be different and distinguished from others, of course yu have to pay for it through taxation. But you will avoid paying the tax if you sell the number plate with the car, in that case you are selling a car that comes with a private number plate rather than trading a distiguished number plate on its own for profit which, as you know, attracts taxation. I hope this helps you.

Answer 3

Depends on whether it is sold separately or as part of the vehicle - See attached link and subsequent pages

CG76923 tells you that acquiring a personalised number plate can involve the acquisition of:

a car number plate
a car
a particular registration
Each of these has to be looked at separately for Capital Gains Tax purposes

Answer 4

NOPE, sales tax is basically paid as quickly as and can be paid whilst the shopper registers the motor vehicle interior the county the place they stay. If the Iowa DMV collects the sales tax then the shopper needs to furnish the state of Arizona with evidence that one and all taxes have been paid and to whom they have been paid to.

Answer 5

strictly speaking yes, though so should everyone that sell on ebay or in the back of free newspapers unless you are doing it regularly as a business you can get away with it.

Answer 6

yes, i think so!