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My dealer informed me this morning that, as of April 1st (and no, this is not an early April's fool!), all NEW cars over £40,000 will attract a £450 tax, per year, for 5 years.

If you are planning on buying a new car and it is going to cost over £40k, make sure it is registered before April 1st!

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It's been all over the motoring press for ages now. Not only that 'luxury' tax but also big changes in annual VED rates.

The £40k limit is list price plus options, not any discounted price you might negotiate...

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