Welcome to the Australian Ford Forums forum.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and inserts advertising. By joining our free community you will have access to post topics, communicate privately with other members, respond to polls, upload content and access many other special features without post based advertising banners. Registration is simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact us.

Please Note: All new registrations go through a manual approval queue to keep spammers out. This is checked twice each day so there will be a delay before your registration is activated.

Go Back   Australian Ford Forums > General Topics > The Pub

The Pub For General Automotive Related Talk

Reply
 
Thread Tools Display Modes
Old 24-09-2008, 07:26 PM   #1
bob^
LPS
 
bob^'s Avatar
 
Join Date: Mar 2005
Location: Geelong
Posts: 1,604
Default Transferring a car from father to son - stamp duty

I was just checking out the vicroads website, and I seen that in some cases, stamp duty doesn't apply when transferring a vehicle from one name to another.
My car is currently under my old mans name, and I wish to transfer it to mine at the end of the year. Has anyone else in Victoria transferred a car to immediate family members and had to pay stamp duty?

Cheers

bob^ is offline   Reply With Quote Multi-Quote with this Post
Old 24-09-2008, 07:38 PM   #2
220XR8
Banned
 
Join Date: Aug 2008
Posts: 113
Default

Just transferred one from my missus name into mine and cost $36.00 transfer fee, but I had to show them our original marriage certificate. If i couldn't show it, stamp duty was payable. Unsure if it applies father to son.
220XR8 is offline   Reply With Quote Multi-Quote with this Post
Old 24-09-2008, 07:49 PM   #3
balthazarr
Regular Member
 
Join Date: Aug 2008
Location: Melbourne, Vic
Posts: 421
Default

Check out the State Revenue Office web site: http://www.sro.vic.gov.au/sro/SROWeb...es_motor.htm#7
balthazarr is offline   Reply With Quote Multi-Quote with this Post
Old 24-09-2008, 08:01 PM   #4
gemibabe
Regular Member
 
gemibabe's Avatar
 
Join Date: Aug 2008
Location: Swinging Pig
Posts: 146
Default

in WA you are allowed to 'gift' the car over but not sure on the market value.

Stamp duty is a scam. The car already had stamp duty paid when new, the govt is double dipping ARGH!!!
__________________
The reason a dog has so many friends is that he wags his tail instead of his tongue. :evil3:
gemibabe is offline   Reply With Quote Multi-Quote with this Post
Old 24-09-2008, 08:25 PM   #5
Peuty
Afterburner + skids =
Donating Member1
 
Peuty's Avatar
 
Join Date: Dec 2004
Location: Skidsville
Posts: 12,133
Default

You should be able to sign it over to yourself without incurring a stamp duty fee.
__________________
Speed Kills. So buy an AU XR8 and live forever.

Oo\===/oO
Peuty is offline   Reply With Quote Multi-Quote with this Post
Old 24-09-2008, 08:49 PM   #6
old-jim
Starter Motor
 
Join Date: Sep 2007
Posts: 25
Default

IIRC, in victoria car transfers between husband and wife do not attract stamp duty or require a RWC. I think this also applies to an inheritence. All other transfers require a RWC and stamp duty.

cheers - jim
old-jim is offline   Reply With Quote Multi-Quote with this Post
Old 24-09-2008, 10:33 PM   #7
dave351cid
playing in my big shed
 
dave351cid's Avatar
 
Join Date: Sep 2005
Location: miriam vale , qld
Posts: 3,300
Default

in qld if there is no money changes hands then no stamp duty to pay.


dont know if vic is the same ??
__________________
`75 XB FAIRMONT sedan . mushroom beige, injected 351, toploader, 9inch
`10 FG XR50 Turbo ute. Nitro blue, 6 sp Auto, Leather trim.
`04 BA RTV tray back, Red, V8 auto,
`04 BA XR6 Turbo sedan. Blueprint. auto, Leather trim.
`03 BA XLS ute . Acid Rush, factory lpg, auto,
`48 TEA20 Grey Ferguson,
`62 Willys 6-230 , 4x4 light truck
`04 Yamaha TTR 250
dave351cid is offline   Reply With Quote Multi-Quote with this Post
Old 24-09-2008, 10:47 PM   #8
Hunter
Ex EL Falcon
 
Hunter's Avatar
 
Join Date: Nov 2005
Location: Bris-bane
Posts: 683
Default

Quote:
Originally Posted by dave351cid
in qld if there is no money changes hands then no stamp duty to pay.
LOL and I wonder how many cars change hands without payment?? :
__________________
Our Lady of Blessed Acceleration, don't fail us now!
Hunter is offline   Reply With Quote Multi-Quote with this Post
Old 24-09-2008, 11:42 PM   #9
SVTVNM
Guzzler
 
SVTVNM's Avatar
 
Join Date: Dec 2007
Location: Country Victoria
Posts: 543
Default

Do you need to get a full RWC to transfer it over from your old man?
__________________
AUI XR8 - 250kw Herrod enhanced, 18's, lowered
1999 Mustang Cobra, Mick Webb tweaked, 18's,
1971 XYGT (replica) My first love.
SVTVNM is offline   Reply With Quote Multi-Quote with this Post
Old 24-09-2008, 11:48 PM   #10
dave351cid
playing in my big shed
 
dave351cid's Avatar
 
Join Date: Sep 2005
Location: miriam vale , qld
Posts: 3,300
Default

Quote:
Originally Posted by Hunter
LOL and I wonder how many cars change hands without payment?? :
: mine did. : i had to transfer the ute from my business name into mine when i sold the shop. had to show them proof that i owned the business.

i think if you are transfering from another person you would need to have a signed declaration or something.
__________________
`75 XB FAIRMONT sedan . mushroom beige, injected 351, toploader, 9inch
`10 FG XR50 Turbo ute. Nitro blue, 6 sp Auto, Leather trim.
`04 BA RTV tray back, Red, V8 auto,
`04 BA XR6 Turbo sedan. Blueprint. auto, Leather trim.
`03 BA XLS ute . Acid Rush, factory lpg, auto,
`48 TEA20 Grey Ferguson,
`62 Willys 6-230 , 4x4 light truck
`04 Yamaha TTR 250
dave351cid is offline   Reply With Quote Multi-Quote with this Post
Old 25-09-2008, 12:20 AM   #11
Zed7fiddy
Temporary Australian
 
Zed7fiddy's Avatar
 
Join Date: Oct 2005
Location: Central Queensland
Posts: 3,298
Default

Quote:
Originally Posted by Hunter
LOL and I wonder how many cars change hands without payment?? :
Lol, do you know how many cars get purchased for "cheap" prices, its common to tell the queensland transport a low figure to avoid paying too much stamp duty....
Zed7fiddy is offline   Reply With Quote Multi-Quote with this Post
Old 25-09-2008, 09:30 AM   #12
Hunter
Ex EL Falcon
 
Hunter's Avatar
 
Join Date: Nov 2005
Location: Bris-bane
Posts: 683
Default

Quote:
Originally Posted by 84RGE
Lol, do you know how many cars get purchased for "cheap" prices, its common to tell the queensland transport a low figure to avoid paying too much stamp duty....
Yeah I suspected that might be going on hehehe.

Quote:
Originally Posted by MNM96
In Queensland it is based on 'market value', not exchanged value, so that is not exactly correct.
Are you sure? Because I just sold my EL today and it had a field where you wrote the 'dutiable value' down and then there's a percentage you use to calculate how much you pay... I think 3.5% for the Falcon but I don't know how much the buyer paid in stamp duty cause I wasn't with him.
__________________
Our Lady of Blessed Acceleration, don't fail us now!
Hunter is offline   Reply With Quote Multi-Quote with this Post
Old 25-09-2008, 05:58 AM   #13
MNM96
LIFELONG DJR SUPPORTER
 
MNM96's Avatar
 
Join Date: Apr 2005
Location: CENTRAL QUEENSLAND
Posts: 5,322
Default

Quote:
Originally Posted by dave351cid
in qld if there is no money changes hands then no stamp duty to pay.


dont know if vic is the same ??
In Queensland it is based on 'market value', not exchanged value, so that is not exactly correct.
MNM96 is offline   Reply With Quote Multi-Quote with this Post
Old 25-09-2008, 06:51 AM   #14
desGT
Regular Member
 
desGT's Avatar
 
Join Date: Nov 2005
Location: Melbourne
Posts: 319
Default

The following VicRoads websites refer to your subject.

http://www.vicroads.vic.gov.au/Home/...ticPartner.htm


http://www.vicroads.vic.gov.au/NR/rd...quirements.pdf


Bad news in the first link:
Transfers to other family members
There are no exemptions for transfers to any other family members. Standard transfer of a registered vehicle requirements apply
desGT is offline   Reply With Quote Multi-Quote with this Post
Old 25-09-2008, 09:12 AM   #15
GT0132
FF.Com.Au Hardcore
 
GT0132's Avatar
 
Join Date: Apr 2007
Location: Miranda, NSW
Posts: 6,781
Default

I thought the only exemptions were

1. if ownership is changing due to a divorce settlement or

2.changing from business to individual (and vice versa) if individual also owns the business.

Gifts (i.e father to son etc) deemed to be at market value
__________________
2005 BA MK2 FPV GT - 6 SPEED MANUAL , SILHOUETTE, SWISSVAX, SUNROOF, BILSTEIN AND LOVELLS, FACTORY GENUINE 19'S, X-FORCE STAINLESS QUAD CATBACK, ADVANCE HEADERS, 200 CPSI CATS, BLUEPOWER CAI, HERROD BREATHER KIT, 4:11 DIFF RATIO, MAL WOOD OPT 3+ CLUTCH, BILLET SHIFTER, MELLINGS 10227, NOW WITH REVERSE CAMERA/SENSORS, ALPINE SPEAKERS & SUB - CUSTOM TUNED TO 275 RWKW


NOW WITH A NEW ADDITION - 2017 MUSTANG V8 GT FASTBACK - , 6 SPEED AUTO IN PLATINUM WHITE,
GT0132 is offline   Reply With Quote Multi-Quote with this Post
Old 25-09-2008, 09:33 AM   #16
Peuty
Afterburner + skids =
Donating Member1
 
Peuty's Avatar
 
Join Date: Dec 2004
Location: Skidsville
Posts: 12,133
Default

Quote:
Originally Posted by MNM96
In Queensland it is based on 'market value', not exchanged value, so that is not exactly correct.
Sorry mate, that is incorrect. As Hunter said, there is a box on the transfer papers where you write down the value of the car/motorbike whatever.
__________________
Speed Kills. So buy an AU XR8 and live forever.

Oo\===/oO
Peuty is offline   Reply With Quote Multi-Quote with this Post
Old 25-09-2008, 01:16 PM   #17
MNM96
LIFELONG DJR SUPPORTER
 
MNM96's Avatar
 
Join Date: Apr 2005
Location: CENTRAL QUEENSLAND
Posts: 5,322
Default

Quote:
Originally Posted by Peuty
Sorry mate, that is incorrect. As Hunter said, there is a box on the transfer papers where you write down the value of the car/motorbike whatever.
It shows on the form if the amount paid is less than the dutible value, you are supposed to show it. Most people will ask for you to show a lesser value for stamps however!
MNM96 is offline   Reply With Quote Multi-Quote with this Post
Old 25-09-2008, 12:26 AM   #18
gemibabe
Regular Member
 
gemibabe's Avatar
 
Join Date: Aug 2008
Location: Swinging Pig
Posts: 146
Default

^^^^ same here in Perth. (but it is a big fine if caught!)

about 2yrs ago the guy just signed the transfer papers without putting a figure in so I put a figure in that I was happy with
__________________
The reason a dog has so many friends is that he wags his tail instead of his tongue. :evil3:
gemibabe is offline   Reply With Quote Multi-Quote with this Post
Old 25-09-2008, 12:55 AM   #19
hannem
Regular Member
 
Join Date: Sep 2008
Location: Werribee, Melb
Posts: 178
Default

In Vic I thought that the RTA could charge you stamp duty on the market price of the car (glasses, red book not sure which one) if they were a bit suspicious on the buy price of a car.

The RTA people must have seen a thousand times something like this I reckon. "No sir, I honestly did pay $300 for the Ferrari"

Hands up who has put a lower price on the transfer form so the stamp duty would be a bit lower.

Cheers M
hannem is offline   Reply With Quote Multi-Quote with this Post
Old 25-09-2008, 03:46 PM   #20
superpursuit83
KITTY Crew Member
 
superpursuit83's Avatar
 
Join Date: Sep 2005
Location: WA
Posts: 5,272
Default

When I bought the wifes last car as a surprise they wanted full samp duty / transfer to get it in her name..... never happened.
__________________
FOR SALE

BAII Super Pursuit 0083

Awsome power by XTREME FORD TUNING 500rwkw New ALLOY Block

Awesome exhaust by THE EXHAUST CENTRE MIDLAND


Awesome Kenne Bell Supercharger setup by AGRO! and Bluepower Racing Developments

Now with full DOT approval and Permitted for road use
superpursuit83 is offline   Reply With Quote Multi-Quote with this Post
Old 25-09-2008, 04:48 PM   #21
lamborghinifan
Regular Member
 
lamborghinifan's Avatar
 
Join Date: Sep 2007
Location: QLD
Posts: 390
Default

My Ute father to son attracted no stamp duty, but needed rwc.
lamborghinifan is offline   Reply With Quote Multi-Quote with this Post
Old 26-09-2008, 09:01 PM   #22
bob^
LPS
 
bob^'s Avatar
 
Join Date: Mar 2005
Location: Geelong
Posts: 1,604
Default

laborghinifan, you don't live in the revenue state. Looks like I'll have to pay stamp duty on my own car. Oh well it still works out that I am in front.

Cheers for the reply fellas.
bob^ is offline   Reply With Quote Multi-Quote with this Post
Old 27-09-2008, 02:38 PM   #23
J_Tank
Bring on the Boss
 
J_Tank's Avatar
 
Join Date: Nov 2006
Location: Kuranda, FNQ
Posts: 920
Default

They've got us covered in NSW, if sale price is less than market value then stamp duty is applied based on market value...
J_Tank is offline   Reply With Quote Multi-Quote with this Post
Old 27-09-2008, 03:19 PM   #24
EBTom
FF.Com.Au Hardcore
 
EBTom's Avatar
 
Join Date: Nov 2006
Location: Sunbury, Melbourne
Posts: 524
Default

I tried to do this last year (father to son). From memory it was something like 10% of market value plus a 30-odd dollar transfer fee.
Does anyone know what it would cost, to change my rego from my current personalised plates, back to the old plates that were originally on the car that I still have in my possession?
__________________
Current Ride:
EL XR6 - 4.0, M5, FULL EXHAUST, 18” ANZ TYCOON'S, SUPERLOWS

Former Rides:
EB1 FAIRMONT – 4.0, A4, FULL EXHAUST, WADE 1004, TIP J3, 18” BA XR8’S, SUPERLOWS, SPRINT KIT,
AU1 FAIRMONT GHIA – 5.0, A4, 3" CATBACK, 20" VERSUS WRAITH, ULTRALOWS, TICKFORD & MOMO GOODIES
EBTom is offline   Reply With Quote Multi-Quote with this Post
Reply

Thread Tools
Display Modes

Forum Jump


All times are GMT +11. The time now is 04:58 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Other than what is legally copyrighted by the respective owners, this site is copyright www.fordforums.com.au
Positive SSL