If you didn’t think classic car ownership could get any better at the moment, there’s yet more good news for pre-HE Jaguar XJS owners.
Her Majesty’s Revenue and Customs (HMRC) rolling cut-off date for historic vehicle tax exemption, means that all cars built before 1st January 1976 will be officially tax-free from April this year.
This means that so-called ‘modern classics’ are now to be described as ‘historic’ in line with the updated rules.
“1975 was undoubtedly a stellar year for new car launches, and their new found tax exemption not only feels overdue, but also inherently right”, comments Classic Car Buyer.
The reduced running costs will help to attract even more eager enthusiasts to the growing classic car market, who will help to preserve these wonderful vehicles, ensuring greater variety on the roads amongst a sea of modern vehicles.
As the Jaguar XJS turned 40 last September, it continues to pick up momentum as a desirable classic car, and the newfound tax-free status of the 1975-76 models is more than likely to strengthen its position as an affordable alternative to modern marques.
Although the majority of XJS owners will not benefit right away, here’s hoping that the exemption will roll on, and more classic Jaguar enthusiasts will continue to benefit year on year.
If you’d like to find out more about the Jaguar XJS, or to arrange a test drive, get in touch with one of our engineering experts. Sample the true driving pleasure of a classic car and stand out on the roads.