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I put down two prices 4,500,000 for good one and 3,800,000 for a higher klm one, I havent put compliance, ORC or those things that come up, the budget for the one we are about to look for is $80-$90,000 on the road for a 99-2000 model with 30,000 klm.

Just buy a good R33 GTR unless you have a lot of dollars as workshops wont tuch the shitty cheap R34's because that is all you will get for $60,000.

Enter the car cost (in Japanese YEN) ¥4,500,000

Agent's fee in Japan (FOB charges) ¥100,000

Exchange rate (yen to AU$) 77.00

Car cost in Japan - first payment due $59,740

LOCAL COSTS

Shipping $1,400

Import Duty (15% of FOB cost) $8,961

G.S.T. (10% of CIF value) $6,985

plus Luxury Car Tax (if applicable) $5,425

Enter the cost of compliance VARYS

Any extra costs (alarm, stereo, etc.)

Total cost before registration (AU$) $82,512

Enter the car cost (in Japanese YEN) ¥3,800,000

Agent's fee in Japan (FOB charges) ¥100,000

Exchange rate (yen to AU$) 77.00

Car cost in Japan - first payment due $50,649

LOCAL COSTS

Shipping $1,400

Import Duty (15% of FOB cost) $7,597

G.S.T. (10% of CIF value) $5,937

plus Luxury Car Tax (if applicable) $2,544

Enter the cost of compliance VARYS

Total cost before registration (AU$) $68,128

backylwgtr2: could you seriously get of my fkuking  

Funkymonkey: whats a multiple thread (do u seriously care?)

multiple threads means you posting the same thing in different sections instead of keeping it to one thread.

And yes I care because I gotta clean it up for everyone else (being a moderator n all).

thats what i'm waiting for as well , going to japan in end of november and i'm hoping to buy an r34 gtr by the time its redy for import it will be january 1 .

the saving on that would be even greater when you calculate the lct as well .

in my case it may just keep the price below the $57009 the curent amount the lct cuts in

drift , i dont know how you calculate the lct but this is how its done .

to use your example of the first car $ 59740 fob .

59740 +10%gst15% import duty 8961 =68701+1400 ship=70101 +7010 =77111 now the lct is calculated in the portion above the 57009 .

77111-57009=20102 but you dont pay lct on the gst part of the 20102 so deduct 9% of it 1809 =18293 x25 % =4573 lct so total cost $ 81684 landed here + rego +stamp duty + compliance . other costs $50 import license + $25 transfer funds + you may have to pay to steam clean it when it gets here .

it has been law for many years... 20% down to 15%.. i forget which year that was

..10% from1/1/05 i think all tariff on cars gone by 2010

jonny in adelaide recently throwing money around to compensate local industry for cheaper imports due next year

i don`t have an offical document on hand but most custom brokers are aware of this and customs of course

Its all about our wonderful car industry becoming internationally competive ...no more protection for GMH etc...hence the MONARO charade recently...were exporting!! were competive!!..shipping ice to eskimos type crap..didn`t mention they were $15grand aud cheaper in the usa than here..

This is how I work it out.

http://www.ato.gov.au/nonprofit/content.as...ntent/13288.htm

Luxury car tax applies at the rate of 25 percent of the value of the car that exceeds the luxury car tax threshold. Luxury car tax is payable on the GST-exclusive value above the threshold.

25/100 X 10/11

[Luxury car tax value - Luxury car tax threshold]

Luxury car tax is payable on the GST-exclusive value above the threshold. As the luxury car tax value is GST-inclusive, the formula is designed to calculate the value above the threshold and take out the GST from this value before applying the luxury car tax rate of 25 percent.

Peter buys a car from you which is worth $80 000 plus $8000 GST.

The luxury car tax value is $88 000.

The luxury car tax threshold is $57,009.

Work out the amount to be subject to luxury car tax using the following formula: (luxury car tax value - luxury car tax threshold) $88 000 - $57.009= $30,991 As the $30,991includes GST, the next step is to multiply this amount by 10/11 to exclude GST: 10/11 X $30,991= $28,173.63 The effect of excluding GST is that the luxury car tax is payable on $28,173.63 not $30,991.

Multiply the amount that is left by the luxury car tax rate of 25 percent: $28,173.63 X 25% = $7043.40 luxury car tax payable. The total amount that Peter pays you is: $88 000 (including GST) + $7043.40 (luxury car tax) = $95,043.40

Another word of warnig on R34 GTR's, a Sydney dealer brought a stocker in and compliance ended up costing just over $8,000 due to mods done to car that wernt picked up.

His is a big player in Sydney, he is a RAWS and he has been doing it for a long time so he knows what he is doing and he still got stuck with a blow out of compliance.

Local workshop that does the RX7 had a customers car that had to be complyied, thought he would pick up a cheap one well $9,000 later it was ready to be complyied then he still had to pay the compliance cost so be very care full guys.

This is how I work it out.

http://www.ato.gov.au/nonprofit/content.as...ntent/13288.htm

 

Luxury car tax applies at the rate of 25 percent of the value of the car that exceeds the luxury car tax threshold. Luxury car tax is payable on the GST-exclusive value above the threshold.  

25/100 X 10/11

 

[Luxury car tax value - Luxury car tax threshold]

Luxury car tax is payable on the GST-exclusive value above the threshold. As the luxury car tax value is GST-inclusive, the formula is designed to calculate the value above the threshold and take out the GST from this value before applying the luxury car tax rate of 25 percent.

Peter buys a car from you which is worth $80 000 plus $8000 GST.  

The luxury car tax value is $88 000.  

The luxury car tax threshold is $57,009.

Work out the amount to be subject to luxury car tax using the following formula: (luxury car tax value - luxury car tax threshold) $88 000 - $57.009= $30,991 As the $30,991includes GST, the next step is to multiply this amount by 10/11 to exclude GST: 10/11 X $30,991= $28,173.63 The effect of excluding GST is that the luxury car tax is payable on $28,173.63 not $30,991.  

Multiply the amount that is left by the luxury car tax rate of 25 percent: $28,173.63 X 25% = $7043.40 luxury car tax payable. The total amount that Peter pays you is: $88 000 (including GST) + $7043.40 (luxury car tax) = $95,043.40

ok thats it , you must have made a mistake in your calculations in the previous example then .

ok thats it , you must have made a mistake in your calculations in the previous example then .

Tell me you work for the ATO as the origional post was just off a basic cost calculator.

The finer details I leave for people who show me their money and say comply me a R34 GTR.

no i dont work for ATO.

i'm in the market for a r34 gtr though and i have done my homework .

i'm going to japan late november for 2 weeks and i hope to buy one then and bring it in after january 1 to take advantage of the reduced import duty .

who was the dealer in sydney that got burned with the gtr ? to my knowledge there is only 2 raws and another one in a couple weeks . how did he miss the mods ? if you are in the trade you have to be totaly blind as you know what to look for .

another reason i dont want to buy a car without seen it , what if it was in a previous accident ? then you cant comply it at all .

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