Hello all. I recently bought a new car for myself, and now in the process of selling the old one. However I'm a little confused about if it needs to be taxed or not if I just offload it to a dealer for cheap rather than go through the fuss of selling it privately as I've never done something like this and don't have much time to nowadays. Will it count as income and so need to be taxed as I didn't pay for it in the first place (hand down through family)? I've looked at calculators like this one but still can't find anything out about it. Hope someone here can help!
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