stamp duty..

[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??

[Falcon Coupe]

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]

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]

I'm guessing it would depend on the state

[Fordy]

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

[FRDXR6]

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

[4Vman]

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

[Fordy]

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]

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]

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