Ok, god's country it may be, but ...

[h113862]

So, I'm going to move over to Sydney or Melbourne, in the process of selling up in NZ and started investigating bringing the diablo & 430 with me.

Then I read about Luxury Car Tax. What the f*ck is up with that?! I've already purchased the cars here in NZ, owned them both for over a year, and I thought I could just slip them into a container along with the couches & stuff. nope. GST (even though I've already paid GST on them here), duty and the f*cking Luxury Car Tax! Altogether that's going to be over $200,000.

So the cars won't be coming.

That really sucks...

[[355]]

what the sh*t!?

have you got some prof. advise on this?

thats terrible if true

[h113862]

Originally Posted by [355]

what the sh*t!?

have you got some prof. advise on this?

http://www.customs.gov.au/site/page.cfm?u=4371

http://www.customs.gov.au/webdata/re...ePrivOwnMV.pdf

basically, luxury car tax is 25% of the value of the car over about $57000. plus GST! so I could avoid it if it's a temporary import, but that means I can't leave the country, if have to provide a deposit for the same value, blah, blah, blah.

c

[h113862]

does anyone have a feel for what a 430 spider would sell for in Australia? been thinking that maybe i should bring it over, pay all the taxes, then sell it. checked the dealers' pre-owned section, and no 430s on there. Nov 05, manual, 13000km.

thanks,

[ACP]

Sell them in NZ and re-purchase them over here is an option. Although a 430 Spider will be about AUD $450k second hand over here and there are very few 6.0 Diablos.

Maybe just bring the Diablo? You also need to be aware that the market is very anal about non-Australian delivered cars when it comes to resale i.e. they are a lot more difficult to sell if they're an imported vehicle.

[h113862]

Originally Posted by ACP

Sell them in NZ and re-purchase them over here is an option. Although a 430 Spider will be about AUD $450k second hand over here and there are very few 6.0 Diablos.

Maybe just bring the Diablo? You also need to be aware that the market is very anal about non-Australian delivered cars when it comes to resale i.e. they are a lot more difficult to sell if they're an imported vehicle.

thanks, really appreciate the advice. bringing the diablo on it's own is a good idea, but i'd still need to pay over $100k in duty, gst and lct. it really seems a shame to have to sell a 430 to pay taxes. but you might be right. I'm sure I'd get another opportunity to own a 430 one day - i'll probably never get another chance to own a 6.0.

thanks again,

c

[ACP]

Which method are you using to calculate the $100k?

$75k-$100k sounds about right though.

I believe that 6.0s fetch about $250k over here.

[h113862]

Originally Posted by ACP

Which method are you using to calculate the $100k?

$75k-$100k sounds about right though.

I believe that 6.0s fetch about $250k over here.

Hmmm. I've been doing my calculations in $NZ and worked out $NZ113k, which would be about $A99k. Based on the valuation method Aus customs use, I get around $NZ255k value for the diablo. add 10% duty and 10% GST and that's $NZ306, meaning LCT is payable on $NZ249k. total duty, GST & LCT therefore is $A99.4.

>:-(

[jeffQV]

simple...stay in NZ!

[h113862]

Originally Posted by jeffQV

simple...stay in NZ!

It's tempting!

Hey, Jeff! Wanna buy a 430 spider?

:-)

c

[Mrg360]

Has anyone mentioned stamp duty when you go to register at RTA ?
Mine was $14K odd on $350k
On your two cars that's about another $30k

[ACP]

Originally Posted by h113862

Hmmm. I've been doing my calculations in $NZ and worked out $NZ113k, which would be about $A99k. Based on the valuation method Aus customs use, I get around $NZ255k value for the diablo. add 10% duty and 10% GST and that's $NZ306, meaning LCT is payable on $NZ249k. total duty, GST & LCT therefore is $A99.4.

>:-(

Ok. I thought that LCT was calculated on the value before duty and GST. Still, anyway you look at it it's an expensive exercise!

[cava]

There may be an option.

According to section 92 of the Australian Constitution (Commonwealth of Australia Constitution Act) trade within the commonwealth is to be free.

Quote: "On the imposition of uniform duties of customs, trade, commerce, and intercourse among the states, whether by means of internal carriage or ocean navigation, shall be absolutely free."

Further, under point No 6 of the introduction to the 'Commonwealth of Australia Constitution Act'.

Quote: Definition. "The states shall mean such of the colonies of New South Wales, New Zealand, Queensland, Tasmania, Victoria, Western Australia, and South Australia...."

According to the Australian Constitution, New Zealand is part of Australia and any trade between New Zealand and Australia is to be free of customs duties.

Thought that this may be of interest to some of you.

[ashsimmonds]

Originally Posted by cava

According to the Australian Constitution, New Zealand is part of Australia and any trade between New Zealand and Australia is to be free of customs duties.

Thought that this may be of interest to some of you.

cava you certainly come up with some great theories, but is something like this possible to enforce in the real world? well, without spending more on legal fees than what you'd spend in govt fees/bribes.

[cava]

Originally Posted by ashsimmonds

cava you certainly come up with some great theories, but is something like this possible to enforce in the real world? well, without spending more on legal fees than what you'd spend in govt fees/bribes.

That's in the realm of the legal eagles.

However, to put it all into perspective, the Australian Constitution is the instrument that allowed the commonwealth laws to be put into place and by definition is the foundation of Australia.

Commonwealth law also protects the constitution from being deliberately flouted, from memory it's enshrined in legislation, possibly 'The Crimes Act 1914?' The penalities are quite severe.

Unfortunately, beaucrats run the system and it may have to result in a challenge in the courts to persue the point and on the surface, it appears to be a very black and white case. If you win, which I would assume is a better than 50% chance, you would also win the legal fees.

[ACP]

Originally Posted by cava

There may be an option.

According to section 92 of the Australian Constitution (Commonwealth of Australia Constitution Act) trade within the commonwealth is to be free.

Quote: "On the imposition of uniform duties of customs, trade, commerce, and intercourse among the states, whether by means of internal carriage or ocean navigation, shall be absolutely free."

Further, under point No 6 of the introduction to the 'Commonwealth of Australia Constitution Act'.

Quote: Definition. "The states shall mean such of the colonies of New South Wales, New Zealand, Queensland, Tasmania, Victoria, Western Australia, and South Australia...."

According to the Australian Constitution, New Zealand is part of Australia and any trade between New Zealand and Australia is to be free of customs duties.

Thought that this may be of interest to some of you.

Not a bad idea however I don't believe that legally there is any 'trade' taking place. It does however raise the question if he was to sell it to someone it Australia?

[h113862]

Originally Posted by cava

There may be an option.

According to section 92 of the Australian Constitution (Commonwealth of Australia Constitution Act) trade within the commonwealth is to be free.

Quote: "On the imposition of uniform duties of customs, trade, commerce, and intercourse among the states, whether by means of internal carriage or ocean navigation, shall be absolutely free."

Further, under point No 6 of the introduction to the 'Commonwealth of Australia Constitution Act'.

Quote: Definition. "The states shall mean such of the colonies of New South Wales, New Zealand, Queensland, Tasmania, Victoria, Western Australia, and South Australia...."

According to the Australian Constitution, New Zealand is part of Australia and any trade between New Zealand and Australia is to be free of customs duties.

Thought that this may be of interest to some of you.

good idea!

I'm going to bounce this off the NZ ferrari distributor, because all allocation comes from the Australian dealer anyway. Let's see what they say ...

c

[jeffQV]

Originally Posted by ACP

Not a bad idea however I don't believe that legally there is any 'trade' taking place. It does however raise the question if he was to sell it to someone it Australia?

Its a bit like when I brought three cars into NZ from UK, first they thought I was a car dealer.....then they wanted tax but relented as I already owned the cars and I had to sign an undertaking not to sell for two years..no problem at all!