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A Guide to Motor Vehicle & Car Stamp Duty

Stamp duty is a tax collected by state governments on certain documents and transactions, often simply labelled government charges. The purchase of property, vehicles and insurance can all attract stamp duty, as can hire arrangements and finance contracts.

What is Motor Vehicle Stamp Duty?

Known variously as Motor Vehicle Duty, Vehicle Registration Duty, Motor Vehicle Registration Duty and Motor Vehicle Stamp Duty, these taxes are defined and collected by state governments.

Generally, the tax is payable on applications to register a vehicle and applications to transfer registration of a vehicle. If your vehicle is purchased from a dealer the required duty will be collected and paid on your behalf. For private sale purchases, the purchaser is responsible for ensuring that the required duty is paid.

Exemptions and concessions do exist for specific vehicle registration circumstances and vehicle purposes. Please refer to the Revenue Office in your state or territory for more information.

How much Stamp Duty will your next vehicle attract?

The stamp duty that applies to your vehicle of choice varies from state to state. The rate of duty is determined by the dutiable valuable of your vehicle. Commonly, the dutiable value of your new vehicle is the list price including options, GST and luxury car tax (LCT) if applicable. The dutiable value of a used vehicle is the greater of the purchase price or market value.

Rates of duty listed below apply to private passenger vehicles, and are correct as of 12/08/2008. Commercial, heavy and special vehicles may have differing rates of duty - please check with your state's Revenue Office.

Victoria (VIC)

Dutiable value Rate of duty
New passenger cars*
$0.00 - $57,009.00
$5 for every $200 value or part thereof
New passenger cars*
More than $57,009.00
$10 for every $200 value or part thereof
New non-passenger cars $5 for every $200 value or part thereof
All other cases
(incl. used cars)
$8 for every $200 value or part thereof

* New passenger cars, including used passenger cars transferred or registered within 60 days of initial registration and previously exempted from duty.

New South Wales (NSW)

Dutiable value Rate of duty
$0.00 - $45,000.00 $3 duty for every $100 value or part thereof
More than $45,000.00 $1350, plus $5 for every $100 value
or part thereof over $45,000.00

Queensland (QLD)

No. of cylinders or rotors Rate of duty
All hybrid and
electric vehicles
$2 for every $100 value or part thereof
1 to 4 cylinders,
or 2 rotors
$3 for every $100 value or part thereof
5 or 6 cylinders,
or 3 rotors
$3.50 for every $100 value or part thereof
7 or more cylinders $4 for every $100 value or part thereof

South Australia (SA)

Dutiable value Rate of duty
$0.00 to $1,000.00 $1 for every $100 value or part thereof,
with a minimum of $5.00 payable
$1,000.01 to $2,000.00 $10.00, plus $2 for every $100 value
or part thereof over $1,000.00
$2,000.01 to $3,000.00 $30.00, plus $3 for every $100 value
or part thereof over $2,000.00
More than $3,000.00 $60.00, plus $4 for every $100 value
or part thereof over $3,000.00

Western Australia (WA)

Dutiable value Rate of duty
$0.00 to $20,000.00 2.75% of dutiable value
$20,000.01 to $45,000.00 2.75% of dutiable value, plus
((dutiable value - $20,000) / 6,666.66)%
of dutiable value
More than $45,000.00 6.5% of dutiable value

Australian Capital Territory (ACT)

Dutiable value Rate of duty
$0.00 to $45,000.00 $3 for every $100 value or part thereof
More than $45,000.00 $1350, plus $5 for every $100 value
or part thereof over $45,000.00

Tasmania (TAS)

Dutiable value Rate of duty
$0.00 to $600.00 $20.00
$600.01 to $35,000.00 $3 for every $100 value or part thereof
$35,000.01 to $40.000.00 $1050, plus $11 for every $100 value
or part thereof over $35,000.00
More than $40,000.00 $4 for every $100 value or part thereof

Northern Territory (NT)

Dutiable value Rate of duty
All vehicles $3 for every $100 value or part thereof

An example of Motor Vehicle Stamp Duty

Purchasing a new six cylinder Holden Commodore with a dutiable value of $45,000.00 will attract the following duty in each state and territory:

VIC NSW QLD SA WA ACT TAS NT
$1,125 $1,350 $1,575 $1,740 $2,925 $1,350 $1,800 $1,350

Note that dutiable value is not defined identically in every state.

More Information

For more information about vehicle and other types of stamp duty, contact your local State Revenue Office.

Stratton Finance can't get rid of Stamp Duty, but we can save you money on your car and car finance.

To get started, get an online car finance quote, send a quick online enquiry, or call us on 1300 STRATTON (1300 787 288) todat.

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Original URL: http://www.strattonfinance.com.au/car-finance/learn/articles/motor-vehicle-stamp-duty-guide.aspx

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