Car values will somersault after July tax changes

I WISH to highlight the anomalies caused by the motoring VRT changes announced in the last budget.

The move to CO2 emissions-linked VRT and road tax rates is a great incentive to buy a low emissions car after July. However, on the negative side, the changes will cause real problems for existing owners of low CO2 cars.

The changes will introduce a two-tier road tax system as there will be the anomaly of identical cars having different tax rates as a result of the date they were first registered in Ireland.