NSW Vehicle Duty Formula:
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Motor Vehicle Duty is a tax payable when you register a motor vehicle in New South Wales. The duty is calculated based on the vehicle's market value or purchase price, whichever is higher.
The calculator uses the NSW duty formula:
Where:
Example Calculation: For a $50,000 vehicle:
First $45,000 at 3% = $1,350
Remaining $5,000 at 5% = $250
Total Duty = $1,350 + $250 = $1,600
Details: Accurate duty calculation helps in budgeting for vehicle purchases and ensures compliance with NSW revenue requirements. The duty must be paid before vehicle registration.
Tips: Enter the vehicle purchase price in AUD. The calculator will automatically apply the correct duty rates for NSW.
Q1: What vehicles are subject to duty in NSW?
A: Most motor vehicles registered in NSW are subject to duty, including cars, motorcycles, trucks, and buses.
Q2: Are there any exemptions?
A: Yes, exemptions exist for certain vehicles like farm machinery, ambulances, and vehicles transferred between spouses.
Q3: Is GST included in the price for duty calculation?
A: No, duty is calculated on the GST-exclusive price of the vehicle.
Q4: How is duty paid?
A: Duty is paid to Transport for NSW when you register the vehicle.
Q5: What about used vehicles?
A: Duty is payable on the sale price or market value (whichever is higher) for used vehicles.