Significant cars can sit outside the normal view of a client's wealth.

The owner may understand what a particular car is worth, why it matters and how its value has changed over time, while the wider advisory team may only see an original purchase price, an insurance figure or an historic accounting value.

That gap matters when values rise materially, when succession is being planned, when probate is required or when a family has to decide what to keep and what to sell.

The Capital Gains Tax position is only part of the picture.

In the UK, qualifying private cars can be exempt from Capital Gains Tax when sold, but if the owner still holds those cars when they die, their market value can form part of the estate for Inheritance Tax purposes.

For advisers, the issue is whether the collection is properly identified, valued and documented before those questions become urgent.

IN provides the specialist asset information.

IN does not replace the client's lawyer, accountant, tax adviser, wealth manager or family office.

It provides the collection inventory, supporting documentation, provenance, condition and current valuation position, so the existing advisory team can work from an informed understanding of the cars.

When responsibility passes.

The person who assembled a collection will usually understand it better than the family or executors who later inherit responsibility for it.

IN keeps the knowledge around the collection intact, so decisions about retention, tax, liquidity or disposal are not being made from incomplete information.