Anyone thinking of buying a static home over the next few months is being urged to take the plunge sooner rather than later, following the announcement of new VAT regulations by George Osborne in last week’s budget.

The Chancellor revealed that several goods currently exempt from tax will be subject to standard 20 percent VAT charges from 1st October 2012, including static caravans and some larger touring caravans.

Static caravans designed as a permanent residence and tourers less than seven metres long will remain at zero percent VAT, but holiday homes and leisure vehicles that do not comply will face higher rate charges.

With some new models such as Bailey’s Retreat range expected to be affected, the caravanning industry is urging people who are thinking of purchasing a new large touring caravan or static caravan to make their decision and complete the sale before October in order to save money.

With a significant investment like a caravan, it is important to protect your purchase in the event of damage or accidents by taking out specialist insurance. Coast can offer you a competitive quote on your touring caravan insurance or static caravan insurance – call our sales team on Freephone 0800 614 849 or visit our Quotation Page to find out more.

Menu