Car swapping - can owners do it legally?

Can owners swap cars of similar value, without any cash changing hands and avoid paying tax on the transaction?

Asked on 18 February 2012 by amckulst

Answered by Honest John
There isn't any tax on the transaction anyway. Not unless someone sells a number of cars each year and thus becomes a trader.
Tags: buying
Dear Honest John,

Please help me choose my next car. I would like it to have:
    Select a few terms below
Similar questions
We are thinking of buying a 1998 Nissan Elgrand 3.2 diesel automatic. It has been converted to a camper which is what we are looking for. (weekends away with our 2 young children) The milage is 93,000....
Do MINI Coopers made in 2001 have a cam belt or a cam chain? I am hearing two different things. I've just bought a 2001 MINI Cooper. I took lots of advice before I bought it, and it has a full service...
I've agreed a price with a private seller for a car I want to buy and am happy to proceed with the sale. They've asked me to pay by bank transfer and I can collect as soon as it's cleared. As the amount...
 

Ask Honest John

Value my car

Save £75 on Warranty using code HJ75

with MotorEasy

Get a warranty quote

Save 10% on GAP Insurance

Use HJ10 to save on an ALA policy

See offer