I want to buy a new car but I only have enough money for the car itself. I'm not sure that I can still afford it if I have to pay stamp duty on top of the price of the car. How can I find out if I have to pay stamp duty? I live in New South Wales.
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Answer by Cressy Wallwork, Swanbourne 6010 WA
· As the purchaser of a vehicle you will be required to pay duty on your purchase.
· In NSW motor vehicle duty is payable when:
o the vehicle is new and you are registering it for the first time;
o the vehicle registration is transferred to another person; or
o a second-hand imported vehicle is being registered for the first time.
· You can use this calculator to help you work out how much you will have to pay: https://www.apps08.osr.nsw.gov.au/erevenue/calculators/motorsimple.php.