Originally Posted by Steven325e
So I just found out today that cars older than 20 yrs old need to be appraised by a used car dealer (any used car dealer) before you can transfer the ownership.
Any ideas on where to get this done in London?
That's actually not true. If you have insurance arranged for it, they will have assigned a value. Get a letter from them stating what that value is and the MTO will accept that instead. That's what I did. In my case the insurance company used the purchase price.
Go down to "how are the wholesale and retail values determined"
For passenger and light commercial vehicles (2,200 kilograms and under empty weight) 20 years or older, the retail sales tax is payable on the purchase price, replacement value for insurance purposes, or appraised value, whichever is more.