Theory online - How does a SORN affect me as a Motor Trader

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How does a SORN affect me as a motor trader?

You do not have to make a SORN if you keep vehicles temporarily in the course of your business.

You would qualify as a motor trader if you are one of the following.

A motor dealer (including the holder of a trade licence).
A vehicle auctioneer.
A vehicle dismantler waiting to dismantle the vehicle.
A vehicle insurer responsible for holding a vehicle in connection with an insurance claim.
A finance company holding a licence under part 11 of the Consumer Credit Act 1974. (This is only for vehicles a personal credit agreement is held for and where you are holding the vehicle temporarily under a repossession order.)

The registered keeper must tell us that the vehicle is with a motor trader by filling in the tear-off section ‘Notification of Sale/Transfer to the Motor Trade’ (V5C/3) on the registration certificate (V5C) and sending it to us. The registered keeper should do this when they sell or transfer the vehicle to your business, as stated on the V5C.