Do not stop tax exemption for classic cars

Background

There is a discussion that the government will start taxing classic cars over 40 years old. Classic cars must continue to be tax exempt.

Additional details

These vehicles are preserved at considerable personal expense. Many classic cars have a lower overall carbon footprint than new vehicles when their decades of existing service are factored in. Most are driven sparingly. The tax savings owners receive go directly towards maintenance, insurance, and proper storage, ensuring these cars survive for future generations to appreciate and study. The classic car sector contributes nearly £3 billion in taxes annually to the UK economy.