Stamp duty
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- Mustang King
- Posts: 4716
- Joined: Wed Jul 28, 2010 6:15 am
Re: Stamp duty
As part of the transaction i got the DPI transfer form filled out dated and signed for the purchase price. So i am hoping to avoid the extra 3 years on.
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Re: Stamp duty
They get you to complete a Stamp duty form that needs ot be signed off by the usual Doctor, Accountant, JP etc... and you have to place a market value on the vehicle....
It says on the document... what you bought it for... and then the market rate.....
You may find it hard ot get it insured at a rate that is significantly different to the registration / licensing / trf market price...
Up to the punter though really.... I played safe... went for what i felt was the market price (Insurance value) and went from there
It says on the document... what you bought it for... and then the market rate.....
You may find it hard ot get it insured at a rate that is significantly different to the registration / licensing / trf market price...
Up to the punter though really.... I played safe... went for what i felt was the market price (Insurance value) and went from there
Im Back!
Re: Stamp duty
I can attest to that...JC074 wrote: You may find it hard ot get it insured at a rate that is significantly different to the registration / licensing / trf market price...
Insurance on the ute was mongrel
I bought it as a non runner for $2K, yet minimum market value (on the running car) was 10k.. some companies refused to even look at insuring it due to the difference.. They wouldnt even agree to a lower than market value... in the end had to get it inspected to even have a look in..
Cheers,
Birchy...
Dodgy Bros. Customs
Suspect 67 - http://www.mustangtech.com.au/Forums/vi ... /t=52.html
Birchy...
Dodgy Bros. Customs
Suspect 67 - http://www.mustangtech.com.au/Forums/vi ... /t=52.html
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- Mustang Maniac
- Posts: 1369
- Joined: Wed Jul 28, 2010 2:16 pm
Re: Stamp duty
Yeah, for market value.. higher than I wanted/needed.. but is insured. Besides, if something did happen to it , im surely not going to find another one for the same price.
Cheers,
Birchy...
Dodgy Bros. Customs
Suspect 67 - http://www.mustangtech.com.au/Forums/vi ... /t=52.html
Birchy...
Dodgy Bros. Customs
Suspect 67 - http://www.mustangtech.com.au/Forums/vi ... /t=52.html
Re: Stamp duty
at the end of the day the teller doesnt know its restored and to what level...... I paid purchase price and nothing was asked, then with the xr.....well lets just say the purchase price was really really good and they still didnt worry about market value, just asked what i wanted to use and i said purchase price thanks......hehehehe
Cheers,
j
j
Re: Stamp duty
be interesting if you went to full rego now would they try to sting u for the stamp duty?dalex wrote:In Vic the Club Permit Scheme avoids the stamp duty on purchase price, if it is full registration you need to show some form of receipt and like any used car registration they will keep you honest if you understate.
Cheers,
j
j
Re: Stamp duty
I believe that is the case here in WA...jusTANG wrote:be interesting if you went to full rego now would they try to sting u for the stamp duty?dalex wrote:In Vic the Club Permit Scheme avoids the stamp duty on purchase price, if it is full registration you need to show some form of receipt and like any used car registration they will keep you honest if you understate.
Fifty Years Afloat
We can't alter the direction of the wind,
But we can adjust our sails
We can't alter the direction of the wind,
But we can adjust our sails
Re: Stamp duty
I'll be watching when you get yours registered Mike. It'd be nice if you could get by with paying stamp on the car "as it was".
Rick.
Old things amuse all minds.
Old things amuse all minds.
Re: Stamp duty
Guys be under no dis-illusions ok.. in WA you need to prepare and have a signed declaration on the market value to trf... if you falsify one of these docs... well Im sure you can work it out.
Im Back!
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- Mustang Star
- Posts: 537
- Joined: Thu Dec 16, 2010 11:04 pm
Re: Stamp duty
So what is the percentage they charge for stamp duty in WA?
Re: Stamp duty
Its a sliding scale from memory, try this
http://www.transport.wa.gov.au/licensing/1382.asp
http://www.transport.wa.gov.au/licensing/1382.asp