stamp duty on cars act

Ah, the infamous Stamp Duty on Cars Act—Australia loves a good tax masquerade! Essentially, stamp duty is a state government levy slapped onto your car purchase, varying from state to state. It’s calculated as a percentage of the vehicle’s sale price or market value, whichever is higher. For example, in NSW, you might cough up around 3% to 5% of the price, while Victoria and Queensland have their own formulas. New or used, this duty is unavoidable unless you’re a government official or a unicorn. Always check with your local state revenue office or ServiceCentral for the exact rates and exemptions.