ED WISEMAN, Daily Telegraph, 6 Dec 2016
It depends who you ask. In the UK, there are few hard-and-fast rules. The closest thing we have to a cut-off date is currently the 1st of January 1976 – cars built before this particular day don’t incur vehicle excise duty. This is a rolling date (it’ll soon be 1977) but it offers Brits something approaching a government definition of ‘classic’.
It’s still not very specific, though, and plenty of people would argue that there are cars built after 1976 that currently qualify as ‘classic’. The MG B GT, the MkII Escort, and the Golf GTI all fall into that category. Is there a more workable definition?
So can turn to Her Majesty’s Revenue and Customs for something more prescriptive. They see as ‘classic’ (basically) any car that is worth £15,000 or more, and is aged 15 years or older. This combination of price and age is the closest we have to a metric of desirability – if a fifteen-year-old car commands a price of £15,000, it’s probably something pretty interesting.