Good evening all.
Quick question on the luxury car tax on new cars with a list price over £40k. ( applicable from the start of the second licence -currently an additional £335 per year on top of the normal rate for the following 5 years). I have negotiated a deal on the new NX350H with a list price of just under the 40k threshold. I understand Lexus will apply a price increase across the NX range of approximately £1500 from January 2022. The delivery time is estimated for July/August 2022 by which time the new prices will be in effect. My understanding is that cars with a list price of over 40k at the time of first registration will be liable for the luxury car tax. So although I will pay less than 40 K for the car, by the time it is registered next year, the updated list price will now exceed this figure & so luxury car tax will be automatically applied. Have I interpreted the rules correctly? if so It looks like this extra tax will now be applicable to even the base NX model going forward 😩. Thanks in advance.
Steve.