Quizzes & Puzzles38 mins ago
Registered Keeper on a family car
Hi
We are buying a car for the family. Initially I will be main driver. Then my daughter then my son (we are looking out over 3 years) then my daughter again possibly !
We will be clear about who the main driver is at each stage. We are not 'fronting' for insurance purposes. We do want the individuals to build up their own no-claims etc. We will all be insured on it all the time through its life.
However I wonder wehether it is necessary to change the ownership particulars each time the main driver changes.
FWI we also have a family company that could own it but that probably brings tax complications.
Thanks in advance.
John
We are buying a car for the family. Initially I will be main driver. Then my daughter then my son (we are looking out over 3 years) then my daughter again possibly !
We will be clear about who the main driver is at each stage. We are not 'fronting' for insurance purposes. We do want the individuals to build up their own no-claims etc. We will all be insured on it all the time through its life.
However I wonder wehether it is necessary to change the ownership particulars each time the main driver changes.
FWI we also have a family company that could own it but that probably brings tax complications.
Thanks in advance.
John
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