1015 views

0 Members and 1 Guest are viewing this topic.


Offline mhh

  • Chief Test Pilot

  • Joined: Feb 2006

  • Location: Adelaide
It's a lot easier to store it in the UK and take half a dozen trips there each year to use it. That way you also don't have to pay the government 33% LCT for the privilege either so it can also end up cheaper.

Even better is to get a LHD one and keep it in Germany...

To avoid the LCT, i think you have to live 12 months in the country and not just visit it.



Offline bobbo

  • Only car brand starting with "F" that i can afFord

  • Joined: Mar 2013

  • Location: Tassie
To avoid the LCT, i think you have to live 12 months in the country and not just visit it.
Bit more complex than that MHH. You have to pay LCT if you're an individual (private buyer) who imports a luxury car. LCT applies to sales of cars by GST registered vendors that are two years old or less. A car is more than two years old at the time of the sale if it was manufactured locally or imported more than two years previously.

I was meaning that you could simply buy a car in UK/Europe, not import the car into Australia ever and use it as an excuse for a regular trip to say hello to it.

Or you could register as a MV Dealer and defer the LCT and then play the two year game...



Offline goober

  • AE's Tame Race Driver
  • I did not lie. I was strategically misinforming u

  • Joined: Feb 2006

  • Drives: no friend of the left
  • Location: Thredbo Village
  • Name: Buddy Miles
To avoid the LCT, i think you have to live 12 months in the country and not just visit it.

Race cars are easier, 5% duty plus GST and if you bring it in using an ABN you can claim back the GST
Meeting women on the Internet? Remember, the more similarities u “magically” have, & the more she agrees with u, the fucking crazier she is.



Offline mhh

  • Chief Test Pilot

  • Joined: Feb 2006

  • Location: Adelaide

I was meaning that you could simply buy a car in UK/Europe, not import the car into Australia ever and use it as an excuse for a regular trip to say hello to it.



Got it. Sounds like a plan. ;)



Offline shack

  • 300kph+ club
  • I am not here .....

  • Joined: Dec 2009

  • Location:
  • Drives:



Offline mhh

  • Chief Test Pilot

  • Joined: Feb 2006

  • Location: Adelaide



Offline anotherforumuser

  • AE's voice of reason
  • Choose to take risks or settle for ordinary.

  • Joined: Sep 2010

  • Drives: A red car.
  • Location: Downunder
It's a wonder that no one on here ever thought of doing that before. :tilt:



Offline bobbo

  • Only car brand starting with "F" that i can afFord

  • Joined: Mar 2013

  • Location: Tassie
It's a wonder that no one on here ever thought of doing that before. :tilt:
Us accountants are always trying to find ways to save money and minimise taxes paid :)



Related Topics

  Subject / Started by Replies Last post
13 Replies
8989 Views
Last post Mon, 31 Jan, 2011 - 22:04
by Paramount Performance
5 Replies
2056 Views
Last post Thu, 03 Jan, 2013 - 09:31
by NBTBRV8
25 Replies
5902 Views
Last post Fri, 07 Feb, 2014 - 16:40
by insurance4you
6 Replies
2414 Views
Last post Thu, 04 Jun, 2015 - 08:53
by MikeG
0 Replies
219 Views
Last post Thu, 03 Nov, 2016 - 16:42
by insurance4you


Latest Discussions

BOARD TOPIC MEMBER POSTED
[ Cars ] Stolen R8 TomE Today at 10:42
[ Cars ] Underground Parking at Home amgsl55 Today at 10:39
[ Off Topic ] The Transcontinental BS thread diabloinoz Today at 09:02
[ Porsche ] 991.2 GT3 Confirmed JBO Today at 08:07
[ Cars ] The cool other car photo thread Brenton Yesterday at 21:05
[ Off Topic ] and today you bought... mondi Yesterday at 20:56
[ Cars ] Spotted thread mhh Yesterday at 19:54
[ Trains, Planes and Automobiles - General chat. ] The airlines / airports / flying rant thread 1q2w3e4r Yesterday at 18:30
[ Off Topic ] Aussie Politics 360c Yesterday at 17:35
[ Ferrari ] Australian Delivered 308GTB 'glass Aircon Yesterday at 15:56