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r32 skyline market value for stamp duty?? (vic)

gt-t_r34
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gt-t_r34 Mentor

gt-t_r34

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Posted

hey guys ive just bought an r32 gts-t 1989 and im getting its all registered and plates ect and for the stamp duty they say they want the market value of the cars but they places they told me i could find it dont have them for skylines do you guys know how much or when i could find some info? i know its $8 out of every $200 of the market value i thought it was the purchase?? thanks in advance!!

tezflow Rising Star

tezflow

Posted
Posted

Stamp duty is 4% of total purchase. So for example a car you buy for $10,000 you will need to pay $400 stamp duty (in victoria). When I called up a few insurance companies to ask about the "market value" of skylines, I was told that since they are imported the usual "market value" price estimate is not available, but that really doesnt matter, on the registration form you can pretty much write down the purchase price as anything, Im just taking a wild guess but since your car is a 89 R32 GTST (assuming its just imported) you may have paid around $7000 for it? Just right down that price, pay the $280 and bobs ur uncle!

dean1285 Explorer

dean1285

Posted
Posted

Well in NSW... and taken from NSW RTA website...

"You pay stamp duty on the market value of the vehicle or on the price you paid for the

vehicle, whichever is higher. Stamp duty is 3% of the market value of the car, up to

$45,000 then 5% on the value over $45,000."

So say if the stamp duty is based on $8000 you will pay $240 stamp duty.

Hope that helps.

xRHETTx Mentor

xRHETTx

Posted
Posted

Just quote the purchase price, if they think its too low, they'll send you a letter. But as the car is moe than 15 years old, they probably wont care.

When i bought my r32 2 years ago for $16.5k, they wrote me a letter saying that was too cheap! Ends up they looked up the aus delivered R32 GTR as its the only skyline on the system. I just wrote them a letter back and it was all fine.

gt-t_r34 Mentor

gt-t_r34

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that for the help guys i got her 2day!!! see how it turns out im going to vic roads on wednesday.... the guy i bought it off put 4gz on the receipt hopefully its only about 200 or so. the car cost me 11gz though.

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