Stamp Duty - S.a

[N3ptuNe]

Hi Dudes,

Just a quick question.... What was the specified amount for stamp duty in terms of registering with Motor Reg?

1. The sale of the car example: 16,000,000 yen ($17100AU)
2. Above + Shipping + Customs
3. All above including compliance

I think it's unfair to pay stamp duty for all the above considering they are not car costs..

Edited October 19, 2014 by N3ptuNe

[Sikahalv]

http://www.customs.gov.au/site/page4371.asp#duty

Edited October 19, 2014 by Sikahalv

[N3ptuNe]

Hi mate, I’m not talking about GST or import fees, Import certificates etc, just the Transfer amount (Stamp Duty) for Registering a number plate with Service SA to get the beast on the road next week or Motor reg in other states.

[Sikahalv]

Perhaps you're looking for a Stamp Duty Calculator?

http://www.revenuesa.sa.gov.au/taxes-and-duties/stamp-duties/calculators/stamp-duty-on-non-commercial-motor-vehicles

Edited October 19, 2014 by Sikahalv

[Nightcrawler]

The total amount of money you pay up the point of actually registering the car is the 'value' of the car. You can't say that just because you bought a car for $17k in Japan, that is clearly worth $30k on the 2nd hand market here, its value is $17k, can you?

But you can try whatever amount you like. You might get away with it. But you might do worse and Regency pull out the Rebdook and because you knowingly told a fib, they put the highest value in the range on Redbook as the value and you pay Stamp Duty on. Or if there is no Redbook value for your model, they might jump on a high-priced dealer's website and pull a number from there.

[Ben C34]

Exactly!

[N3ptuNe]

Thanks Nightcrawler, that was the exact answer I was looking for, I'm not trying to pull a dodgy just want to be as honest as possible on the documentation.

[GeeDog]

From the Revenue SA site:

The value to declare for a second hand motor vehicle is calculated on the higher of either the purchase price or the market value, including any improvements. The applicant must declare the value of the motor vehicle as at the date of the Application to Transfer Registration.

The onus is on the person making the declaration to ensure that the value stated is a true representation of the value of the motor vehicle. Organisations such as the Motor Trade Association, Redbook and the RAA can provide assistance when determining the value of a motor vehicle. If RevenueSA is not satisfied with the value declared, a reassessment of stamp duty can be made.

RevenueSA does not provide any valuation services.

So if they think you are underquoting the value, they will increase it. Also if you quote the purchase price in Japan, they can up it to the current Australia market value.

[N3ptuNe]

Cheers GeeDog, Indeed they are Revenue raising! and indeed pricks also!

[N3ptuNe]

I just spoke to a duo of dudes who import cars and mining equipment into S.A, Queensland and N.T over FB. They strongly directed to “ONLY” specify the amount you payed: 16,000,000 YEN

Their arguments: You don’t drive a shipping container, you aren’t driving customs, and you don’t drive the $2500 TAX Customs slogged you! Plus you certainly cannot drive your compliance officer, unless he swings that way…..

Continued: if I sold you my BMW M3 for 35K that’s certainly less than half the market value, that’s your good fortune! Your time, luck and patience worked out…... To get a giveaway. You wouldn’t say you payed 100k right?

The due continued…. That’s why we import to save a buck,. So if you want to add everything that’s not driveable, and is TAX’s + Govn fees HELL go for it, why don’t you add tint and tyres to the stamp duty too

I like his advice..

[sonicii]

Their arguments: You dont drive a shipping container, you arent driving customs, and you dont drive the $2500 TAX Customs slogged you! Plus you certainly cannot drive your compliance officer, unless he swings that way..

Sure.. Buy what does that have to do with how stamp duty is calculated?? If you buy a 2nd hand GT-R for $80k. You can't put down $50k because that is how much they sell for in Japan..

The rules are fairly clear.. Purchase price (to get it registered in aust) or market value, whichever is higher. Not how much you did/would pay for it in another country.

[Ben C34]

Write down whatever you want. As stated the rules are clear

I bought a car with employee discount and still had to pay stamp duty on y he full price. Is that fair? No . They are the rules though.

Edited October 19, 2014 by Ben C34

[Nightcrawler]

No problems - post up a question, then completely ignore our perfectly sound advice.

Especially this bit "higher of either the purchase price or the market value".

Post up when you get busted for it and they rape you on a value that they decide.

[Ben C34]

You can write whatever and get away with It.

You can claim whatever on tax and get away with it.

If they ever do an audit you won't get away with it.

How much is duty anyway? Why do you care so much?

[Sikahalv]

+1

I like all three responses from Greg, Ben and Andrew.

Sound advice. Questioned Answered

Edited October 20, 2014 by Sikahalv

[N3ptuNe]

Registered put 15K that's what I paid! Even Service SA said to put what I paid not the market value

[Ben C34]

Do you think service sa would get in trouble if they audit you? No. You wrote it. Your problem.

Glad it worked out for you and you saved (defrauded?) a couple of hundred bucks.