August 21st, 2024
Do I cancel my road tax if I sell my car?
Posted By: Mk
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Losing a loved one can be an incredibly difficult time, and dealing with their affairs can be overwhelming. If you find yourself in a situation where you need to sell a car owned by someone who has passed away, there are important steps to follow. In this blog post, we will guide you through the process, covering key information and considerations, including:
And if you want to sell a car, we offer competitive pricing and a super easy selling process to make this tough time just that little bit easier. Get a free, no obligation valuation to see how much your car is worth now.
Before initiating the process of selling a deceased person’s car, there are several key pieces of information you should gather:
When it comes to selling a deceased person’s car, make sure you inform the Driver and Vehicle Licensing Agency (DVLA) about the owner’s passing to avoid any legal complications. Follow these steps to notify them:
To sell the car, you need to transfer the ownership from the deceased person to the buyer.
Here’s how you can do it using the V5C logbook:
If you decide to sell the deceased’s car to a private buyer, follow these steps:
If you prefer to sell the car to a trader or dealership, follow these steps:
View our post – How to transfer car ownership
In case the V5C logbook is missing or unavailable, make sure you contact the DVLA to inform them about the missing logbook and request a new one. You will need to provide necessary details and supporting documents as noted above, such as the death certificate.
If you’re unable to replace the logbook, the DVLA may accept a letter from the executor or administrator confirming the sale.
Cars are not exempt from inheritance tax (IHT) in the UK as they are considered personal possessions. If they are worth more than £325,000, they are subject to IHT.
For more information on IHT on a car, speak to a financial advisor who can help you understand the rules surrounding IHT liability.
Discover the value of your inherited car, and sell it hassle-free with BigWantsYourCar. Get a free valuation today with the help of our team who is here to guide you through the process and ensure a smooth sale. Enjoy a range of benefits when you sell your car with us, including:
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