Vehicle swapping in Queensland- effect on stamp duty
Submitted: Friday, Mar 05, 2010 at 20:02
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Member - Carl
I am looking at swapping my 200 cruiser for a F250 but are not certain how this effects stamp duty for registration
Does anyone know the rules, in the land of "perfect one day......etc."
Is it considered a sale?
Carl
Reply By: phil300 - Friday, Mar 05, 2010 at 20:29
Friday, Mar 05, 2010 at 20:29
Looks like they want there pound of flesh.
All other vehicles
Type of vehicle Amount of duty for each $100, or part of $100, of the vehicle's dutiable value
Hybrid vehicle (any number of cylinders)
Electric vehicle
$2.00
Vehicle with 1 to 4 cylinders
Vehicle with 2 rotors
Steam vehicle
$3.00
Vehicle with 5 or 6 cylinders
Vehicle with 3 rotors
$3.50
Vehicle with 7 or more cylinders
$4.00
For a vehicle not previously registered, the dutiable value is the total of the vehicle's list price and list prices of all items of optional equipment not included in the list price.
For a vehicle previously registered, or a vehicle with no list price, the dutiable value is the greater of either the market value or the total consideration payable for the vehicle.
http://www.osr.qld.gov.au/duties/about-duties/rates-of-duty.shtml?showtab=4
AnswerID:
407447
Follow Up By: Michael ( Moss Vale NSW) - Friday, Mar 05, 2010 at 22:51
Friday, Mar 05, 2010 at 22:51
You even cant escape the tax if you have a 7 cylinder engine..... LOL.. Michael
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Follow Up By: Alloy c/t - Saturday, Mar 06, 2010 at 17:49
Saturday, Mar 06, 2010 at 17:49
Michael , why the lol about a 7 cylinder donk ? There are now 3 cyl and 5 cyl why not a 7 ?
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