NSW Transfer Fee Formula:
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The NSW Motor Vehicle Transfer Fee is a charge applied when transferring ownership of a vehicle in New South Wales, Australia. It consists of a fixed fee plus a percentage of the vehicle's value.
The calculator uses the NSW transfer fee formula:
Where:
Explanation: The fee includes a base administrative charge plus a duty calculated as a percentage of the vehicle's value.
Details: Accurate calculation helps buyers and sellers budget for the total cost of vehicle transfer and ensures compliance with NSW regulations.
Tips: Enter the fixed fee (usually $33), the vehicle price in AUD, and select the appropriate duty rate (typically 3-5%). All values must be valid (positive numbers, duty rate between 3-5%).
Q1: What is the standard fixed fee for NSW vehicle transfer?
A: The standard fixed fee is currently $33 AUD, but this may change so always verify with Service NSW.
Q2: How is the vehicle price determined?
A: It's generally the sale price or market value, whichever is higher. For gifts, the market value is used.
Q3: What duty rates apply in NSW?
A: Standard passenger vehicles typically have a 3% duty rate. Higher rates may apply for luxury vehicles or certain circumstances.
Q4: Are there exemptions or concessions?
A: Yes, exemptions may apply for transfers between family members or in other special cases. Check with Service NSW.
Q5: When is the transfer fee payable?
A: The fee is payable at the time of transferring registration with Service NSW.