06-02-2023, 03:58 PM
Possibly only the super observant would have noticed that, in the Pop Up museum, in one of the exhibits cases I had placed a couple of copies of Glass' Guide one shortly prewar and one post war. The pages that I left them open at showed the huge increase in the value of a Ruby after the war. That was the same for the value of any car, of course.
This was all driven by the introduction of purchase tax. Initially, in 1940, it was introduced at 33.33% but to drive the export trade this was increased to 66% for cars costing over £1000 in 1947. This rate was extended to all cars from 1951. In 1953 it was reduced to 50%.
This was all driven by the introduction of purchase tax. Initially, in 1940, it was introduced at 33.33% but to drive the export trade this was increased to 66% for cars costing over £1000 in 1947. This rate was extended to all cars from 1951. In 1953 it was reduced to 50%.