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What happens is that the figures are all uploaded to State Revenue... if yours sticks out they will investigate and give you a minor fine if you can't prove it.

With mine, there was such a myriad of paperwork inc. FOB charges, duty, shipping and all that, they just gave up and accepted my figure.

They're not interested in chasing up little people like us.

If you import a 1961 Ferrari and say it's $50,000 rather than $250,000 well then yes, they'll f**k you over.

However a $10,000 R33 that is more likely $15,000??? No point.

T.

yeah but cant u argue that you bought it off a mate etc, and he wasnt going to give it to you free, but was extremely generous and sold it to you ridiculously cheap...shit like that!

But the tax is still on the GREATER of the 2 values. If your mate sells you the car for $5,000, but market value is $15,000, you should still pay the tax on the $15,000. (Remember if you kill someone a good lawer can get you off, but if you steel from the Government you have got real trouble, they can and will persue you through every court in the land untill it is cheaper to pay the fine than the legal costs)

But the tax is still on the GREATER of the 2 values. If your mate sells you the car for $5,000, but market value is $15,000, you should still pay the tax on the $15,000. (Remember if you kill someone a good lawer can get you off, but if you steel from the Government you have got real trouble, they can and will persue you through every court in the land untill it is cheaper to pay the fine than the legal costs)

so you're trying to tell me that anyone who buys a S2 R33 GTS-T should pay the same amount of stamp duty based on a set market value

what a crock of shit. the range of vehicles that all fit under the 1 category can vary so much that you cannot do it that way

if you are lucky and get a good deal on a car, you pay the amount of stamp duty that that purcahse price attracts

so you're trying to tell me that anyone who buys a S2 R33 GTS-T should pay the same amount of stamp duty based on a set market value

what a crock of shit. the range of vehicles that all fit under the 1 category can vary so much that you cannot do it that way

if you are lucky and get a good deal on a car, you pay the amount of stamp duty that that purcahse price attracts

I have used the lower price myself, what I am saying is that the wording is "GREATER of Market or purchase price" - if you put a price that is TOO low you can be prosecuted. So long as you dont abuse it too much you should be OK.

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