Stamp duty is a crucial part of purchasing a car in Australia, but did you know there are certain situations where you may not have to pay it? You can learn about the various stamp duty exemptions and concessions which exist in the state or territory you live all in one place with Savvy today before you buy your car right here in Savvy’s comprehensive guide.
Car stamp duty in Australia is a tax imposed by state and territory governments on the transfer of ownership or registration of motor vehicles. The amount of stamp duty varies based on factors such as the value of the vehicle, type of vehicle and the state or territory where the transfer occurs. It is usually payable by the buyer and is calculated as a percentage of the vehicle's market value or purchase price.
Stamp duty is an important source of revenue for state governments and is used to fund various public services and infrastructure projects. Exemptions and concessions are often available for specific situations, which are important to know about if you’re purchasing your next vehicle.
The only real way to avoid paying stamp duty is to receive a government exemption. Stamp duty exemptions and concessions differ between states and territories, with each region offering a range of exemptions including the following:
Note: all exemptions are subject to state or territory government approval and the relevant laws in place in each state or territory. Terms and conditions apply to each of these exemptions.
Information is correct as of 11 August, 2023. Check your state or territory government’s website if you’d like to find out more information.