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purchase price and dutiable value Page 12

The purchase price is what you agreed to pay; the dutiable value is the figure your state uses to calculate stamp duty—usually the higher of the price and the asset’s unencumbered market value.

For cars, dutiable value typically includes vehicle price, factory/dealer accessories, dealer delivery and GST, but excludes stamp duty, rego, CTP and transfer fees—and no, your trade‑in credit usually doesn’t reduce it.

For property, duty is likewise based on the higher of price or market value, with GST included if applicable; concessions and thresholds vary by state and buyer type.

The upshot: snag a mates‑rates bargain and you might still pay duty on market value, not the cheeky price you paid.

Check your state or territory calculator for the fine print before breaking out the victory lamington.

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