Classic car hobbyists and investors are likely to see the price of European vehicles rise up to 30 percent post-Brexit.

Existing rules would see cars from Europe subject to VAT of 20 percent as well as 10 percent import duty, financial advice and accountancy firm Kreston Reeves said.

Ownership of classic cars is a relatively popular pursuit among wealthy clients – and it can be lucrative.

The most recent Coutts Passion Index...