30 May 2004 7:28 PM
|We are thinking of taking a car to Australia. Could you advise us on whether this is advisable, for instance what taxes would be incurred, and things we need to consider. Any comments would be appreciated.
30 May 2004 8:01 PM
Tell us a bit more about your car... ie..
Year/month of manufacture?
cost when purchase in the UK?
make and model?
How much you want to take the car(sentimental value?)?
Generally, you need to consider 3 taxes. You can't escape import/custom tax and that depend on when and how much the car cost. Then the GST(general sale tax) also no escape from that so you pay the whole whack. Depending on the price, you may escape LCT(luxury car tax) and that can be the straw that breaks your decisions.
Also things to think about is the restrictions impose on cars like speedo change, air-con (non CFC) and you have to prove it etc.
I've actually built a s/sheet so if you pass the info I can give you a GUESSTIMATE.
30 May 2004 9:25 PM
I've been reading you reply with regards to 'Car Info' & you seem to know what you're talking out!!
Are you able to help me?
My husband & I are in the early stages of thinking of moving to Oz. My husband sells 2nd hand German Cars (BMW, Mercs etc) & we would ideally like to enter on a Business Visa and import cars. Are you able to tell me what type of taxes you need to pay to import a car and basically at the end of the day, is it really worth it?
Any help you can give us would be very much appricated.
30 May 2004 11:03 PM
Thanks for the thoughts.. I knew what I found from the research I'd done on private importer for our family saloon. If your are thinking big, then I may talk chalk and you think cheese.
Still here it goes, from what I know about car business(layman), you can probably tell me more..
European cars are more in demand cos' they sell at a higher price and certainly more so for beemers and mercs. To import cars privately there are 3 types/classes I know(regulations do change from year to year) of :-
1) Before Mar 02 98
1.1) Cars older then 15 years old
2) After Mar 02 98
The breakdown of taxes and expenses are:-
1) the custom value will probably be quite a lot maybe 15% of the car.
2) The GST is 10% of (custom value+custom tax+shiping/ins cost)
3) You have the (luxury car tax)LCT when the total cost after adding [1) & 2)] of the car exceeds a threshold value ($57K)!!
4) Port duty, cleaning, valuation cost etc add another $1000 maybe.
This site will tell you more about car taxes and you also need a permit from Canberra to import your car(s) and is $50 per application.
This is a sample of what I need to consider cost effective and it's for my own circumstances.. It's a 1986 124TE Merc
Car import to Oz pre - 02-Mar-1998
and MORE THAN 15 years old
Cost of car |
31 May 2004 4:29 PM
Thank you so much, that was very, very helpful to us and was much appricated.
There seems to be alot of taxes to pay on importing cars, so we'll need to investigate abit further.
31 May 2004 11:30 PM
I had a look at that web site.Do you think pre 1998 means that the car was manufactured pre 1998 or it was purchased before 1998. In our case that greatly affects us, as my wife Annmarie said we have a 1996 Jaguar but we purchased it in 2000?
Also it appears the valuer bases the value on Australian prices not UK prices.
01 Jun 2004 6:43 AM
I was hoping it was the manufacture date rather than the purchase date but unfortunately having double checked on this site:-
it does say PURCHASE date. That's the bad new.
The good news is that you will still be entitle to 60% discount on the current value of the Australian market of the vehicle. So if the valuer says your car is worth $20k in the Ozzie market then the custom value is $8k and custom tax will be 15% of 8k. That's how I understood it, but it's important you read the info on the website and determine it yourself what taxes you will be paying. I hate to sum it wrong for you!!
BTW, I will email what I have for Annmarie so you can look at the info.
01 Jun 2004 9:48 PM
I have a guide to importing vehicles, and bad news is it apears that the discount is only available to cars 'purchased by the importer before or on or after 2 March 1998'. Please tell me I am wrong as it appears it is about to cost me around GBP 3775 that is without shipping costs!!!!
02 Jun 2004 1:21 AM
I am slightly confused, if it is purchased before 2nd of March 98 then you get a 76% or a 60% discount.
From the info you have dribber across you have purchased it in 2000 but the car was manufactured in 1996... am I not right? If so you are not entitled to the above discount, sorry mate that's the fact from the site. That means you are NOT entitled to the discount and I afraid your calculations are CORRECT. I guessed the purchase value(working backwards) of your Jag in 2000 in about |
02 Jun 2004 3:44 AM
The red book web site was helpful, The bigger engine cars in Aus tend to hold their value better (I can only presume that is because Petrol is half the price). Anyway done the calculation and it works out about even, so I will probably take the car with me.
07 Jun 2004 12:23 AM
|thanks Liam, I read your reply to someonelse about taxes etc there was a lot more to it than I had bargained on. The car is a 2002 Audi tt 1.8 T Quattro Coupe, which cost approx |
07 Jun 2004 3:09 AM
This is the GUESSTIMATE. It's not good news depends on how you see it. Assuming that you have purchased the car after Mar 02 1998. This is the summary of the taxes before LCT. I won't even bother to add LCT cos' at this point most people would decide to bail out.
So here it goes:-
Cost of car in |
12 Jun 2004 7:15 AM
|oh err!! I don't think I'll be taking the car then! That's horrendous. Thanks for the info though it has saved us a lot of time and bother (and money !!) Regards Ali|