stamp duty..

Fordy · 02-10-2006, 05:16 PM

I was just wondering if my dad gives me a car worth 10k but i dont pay for it but i want to transfer it to my name do i still have to pay stamp duty??

**Falcon Coupe** · 02-10-2006, 05:18 PM

Quote:

Originally Posted by Fordy

I was just wondering if my dad gives me a car worth 10k but i dont pay for it but i want to transfer it to my name do i still have to pay stamp duty??

I would say no, just a transfer fee.

FRDXR6 · 02-10-2006, 05:23 PM

You pay stamp duty on the amount which you list as the fair value/market vale/purchase price on the Transfer Form.

So unless you put down $0 (which they will question) then you pay stamp duty.

See here for a calculator that does it for you

http://webapps.vicroads.vic.gov.au/v...OpenForm#calc2

BFXR8Silhouette · 02-10-2006, 05:23 PM

I'm guessing it would depend on the state

Fordy · 02-10-2006, 05:25 PM

Im in wa and i dont plan on putting down any price considering im not paying for it.

FRDXR6 · 02-10-2006, 05:26 PM

Look up the WA RTA website or whatever you call it in WA.

4Vman · 02-10-2006, 05:27 PM

Im pretty sure depending on where you are you can transfer between family members without stmp duty.

Fordy · 02-10-2006, 05:28 PM

Quote:

Originally Posted by FRDXR6

Look up the WA RTA website or whatever you call it in WA.

i have and it doesnt say much, it just has a stamp duty calculator.

JPFS1 · 02-10-2006, 05:39 PM

Quote:

Originally Posted by 4Vman

Im pretty sure depending on where you are you can transfer between family members without stmp duty.

This is correct... for assets atleast.

dogbreath_48 · 02-10-2006, 11:47 PM

I put down less than 1/2 the market value for my car and they didn't ask any questions