Tax excempt?
Posted: Tue Oct 20, 2015 8:34 am
Hi all, will the 1978 SIL GP I'm about to register be tax excempt? Thanks in advance Pete.
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Tax excempt?
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Re: Tax excempt?
Posted: Tue Oct 20, 2015 9:04 am
No - a '78 reg isn't not old enough to qualify for exemption yet... it now runs on a 40 year rolling rule - so anything more than 40 years old qualifies for exemption... or that's the way that I understand it.
Re: Tax excempt?
Posted: Tue Oct 20, 2015 9:16 am
Yeah, I've done a bit of research and that's how I see it too. Thanks for your comment.
Re: Tax excempt?
Posted: Tue Oct 20, 2015 4:46 pm
I think it's up to 1975 at the moment. So, you've got another three years to wait yet. 