[Wazza]

Not necessarilly PHil... One thing we ALL must be wary of IF we sell is capital gains on vehicle sales as it equates to income. If you can prove it has cost you more than your selling it for then no tax applies. But if it has only cost you 60 and you sell it for 100 then wamo your up for some hefty tax bickies.... And yes, THEY KNOW!

Sppok,

As far as I know the capital gains will only be a worry if you've bought the car in a business/company name, and have it on the balance sheet as a company car.

Otherwise, a sale of a private vehicle does not attract Cap gains.

My bumblebee was a "company" car....the new one is not...for that reason.

Check it out with your accountant though to make sure.

Cheers,
Warren.