[Charlie]

For a car that is built up by the owner from a kit, and parts, there is no easy line as to the value for taxation purposes. Depending on where you bought the parts, you may have already paid taxes on a substantial portion of the car piece-meal. Therefore, the final value is not relevant for taxation at registration. Taxing again at registration based on final value would be double taxation. Of course, you would need to keep very detailed records of all the little pieces you bought that went into building the car and which ones were already taxed.