Collection of Stamp Duty on Value for New and Used Cars.

Stamp Duty On Value

Stamp Duty On Value is applicable on the following transactions:

• new registration
• new owner re-registration
• transfer

This value for a new vehicle is the list price as fixed by the manufacturer or importer as the retail selling price plus the list price or actual price of any optional factory fitted power steering or transmission type. If these options are included in the list price (i.e. standard equipment) then no extra stamp duty is charged.

If items such as air conditioning are not included in the list price (i.e. not standard equipment) then no duty is payable on these. Only transmissions and power steering are included in the Stamp Duties Act.

The list price for stamp duty purposes is inclusive of sales tax paid. If the applicant is “sales tax exempt” the stamp duty is calculated excluding that component.

The list price does not include interest charges for hire purchase arrangements.

Heavy commercial vehicles (over 3000kg GVM) do not include equipment added by dealer

The value for stamp duty purposes on a second hand vehicle is the market value or purchase price whichever is higher. The purchase price is accepted as the market value in 'market place' transactions between unrelated parties.

Collection of Stamp Duty on Compulsory Third Party Insurance

Stamp Duty on Third Party Insurance is applicable on the following transactions:

• new registration
• new owner re-registration
• renew registration

There is a standard set insurance stamp duty fee for 3, 6, 9 or 12 months’ registration.
An exemption may be applicable to some clients and or vehicle body types.