Scry Posted June 8, 2018 Report Share Posted June 8, 2018 Hi! I'm definitely in an interesting situation. Both myself and a close friend of mine got E46, mine a '05 plate and his a '54 plate - so why are we swapping? He didn't budget himself properly (as standard) and will struggle to afford the 330Ci. I was a little more sensible and got a 325d, and it's a great car but we both much prefer each others! And so a couple weeks ago we both sat down to go through all the paperwork and insurance, and swapped V5Cs. Now - his car is worth more monetarily than mine - so if I was going to sell it technically I would profit, as my car was worth less. Would this count as capital gains or something? I've looked at sites like these tax tools ( https://www.income-tax.co.uk/ ) but can't get my head around it. It's not a huge amount of money so I can imagine I'd be fine if I kept my head down. I can't imagine anyone else has been in this situation but any advice would be useful. Cheers! Quote Link to comment Share on other sites More sharing options...
momo Posted June 8, 2018 Report Share Posted June 8, 2018 BMW Never made an E46 325d.. The 325d was introduced in the E90 range as a de-tuned 330d engine. And no.. You don't pay tax on selling a car. If either of you are worried about the difference, arrange to pay him the difference and be done with it. Quote Link to comment Share on other sites More sharing options...
rasa Posted June 8, 2018 Report Share Posted June 8, 2018 might of been sold a pup,,or a collectors dream ha ha ..might be a 320 four pot with a 5 on the end insted of a "0" to trick you..or do you have a 325i? momo 1 Quote Link to comment Share on other sites More sharing options...
