Magic Johnson said:

If I send the V5 away now, how does that work? Before I sell my car? Would his insurance cover it in the garage?

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You'll need to check with his insurance company, you'll also need to re-register is as a PLG vehicle and pay for the RFL as you won't be eligible for it to be left as 'disabled'.

Most Easterly Pandas said:

You'll need to check with his insurance company, you'll also need to re-register is as a PLG vehicle and pay for the RFL as you won't be eligible for it to be left as 'disabled'.

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How do you do that? I thought sending the V5 away would sort of get the ball rolling on these things automatically?

EDIT: It isn't a motability car, he had the car well before he could qualify for the free road tax.

Magic Johnson said:

How do you do that? I thought sending the V5 away would sort of get the ball rolling on these things automatically?

EDIT: It isn't a motability car, he had the car well before he could qualify for the free road tax.

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You'll need to send another form with V5 to change the 'taxation class' of the car. Easy enough to do, a quick search and download off of the DVLA website should to you

Why cant u sell it now or transfer ownership to you now??

Liquid Knight said:

As the car is a gift and your grandfather is still alive (the change of owner on the V5 predates the death certificate) if you were to sell the car you will not have to pay any inheritance tax after the sale.

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Not convinced about that. The gift [although still unsure of the value, it may be under £3k and falls within the 'annual exemption' rules] will be classed as a PET [potentially exempt transfer] and only fully falls out of the estate once 7 years have passed. The legislation is in place to stop people giving away all of their assets - they still come into it for IHT purposes.

Thanks for clearing that up Stu, I thought it was something like that

Instead of giving it to you FOC, can he not 'sell' it to you for £100?

Dom

I'm phoning DVLA today to see if I can do this without forms and over the phone. I'm putting the GP up for sale today. Really don't want to let it go.

dombooth said:

Instead of giving it to you FOC, can he not 'sell' it to you for £100?

Dom

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Difference between market value and the undervalued amount [i.e. £100] would be classed as the 'gift' element ...

Stu DemonD said:

Difference between market value and the undervalued amount [i.e. £100] would be classed as the 'gift' element ...

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Ah okay, ignore my suggestion then.

Dom

Just need to go to post office and take mot and v5. They will do it for me Cheers guys.

He's gone. Devastated. He signed the v5 on the Wednesday to put the decline in to perspective. My heart has been shredded.

Sorry to hear that. When I was a child my parents always used to say that the older generation have to go to make space for the next one. I still find comfort in that.

Magic Johnson said:

He's gone. Devastated. He signed the v5 on the Wednesday to put the decline in to perspective. My heart has been shredded.

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Sorry to hear it buddy. :hug:

Dom

You had the evident privilege of being his grandson. Try to take pride and comfort in that. Sincere condolences, S

Magic Johnson said:

He's gone. Devastated. He signed the v5 on the Wednesday to put the decline in to perspective. My heart has been shredded.

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Sorry to hear it MJ, condolences to you and family.

I lost my grandad in similar circs a few years ago, its hard but gets easier. Remember the good times, you were obviously close

Sorry on your news stay strong

Cheers guys. I will never get over seeing him pass away. It was awful. Today is hard, reality is biting. I feel numb and empty.

:hug:

I hope you are okay mate. I know exactly how you feel. Thoughts are with you