1. What is NSW Motor Vehicle Stamp Duty?

Motor vehicle stamp duty is a tax levied by the NSW government on vehicle purchases. The rate is 3% for the first $45,000 of the vehicle's value and 5% for the remaining value above $45,000.

2. How Does the Calculator Work?

The calculator uses the NSW stamp duty formula:

Where:

• For first $45,000 — 3% duty rate
• For amount above $45,000 — 5% duty rate

Example Calculation: For a $60,000 vehicle:
First $45,000 × 3% = $1,350
Remaining $15,000 × 5% = $750
Total Stamp Duty = $1,350 + $750 = $2,100

3. Importance of Stamp Duty Calculation

Details: Knowing the stamp duty amount helps buyers budget for the total cost of vehicle ownership in NSW, including registration and insurance costs.

4. Using the Calculator

Tips: Enter the vehicle purchase price in AUD. The calculator will automatically apply the tiered duty rates.

5. Frequently Asked Questions (FAQ)

Q1: Are there any exemptions from stamp duty?
A: Yes, certain vehicles like farm machinery and ambulances may be exempt. Check with Revenue NSW for current exemptions.

Q2: Does this apply to used vehicles?
A: Yes, stamp duty applies to both new and used vehicle purchases in NSW.

Q3: When is stamp duty payable?
A: Stamp duty must be paid when you register the vehicle in your name.

Q4: Are electric vehicles subject to stamp duty?
A: Currently, yes, though some states offer concessions for EVs - check current NSW policies.

Q5: Can I pay stamp duty in installments?
A: No, stamp duty must be paid in full when registering the vehicle.