Random chat thread

[Pickles]

Looking at importing a car from the UK

Going off the marked price of £61,990 is about $110,980AUD

$110,980 + 10%GST +$11,098
Going off a ruff estimate of import charges around $2500
Making the Luxury Car Tax value at $124,578
So $124,578 minus the LCT threshold of $71849 X 10 / 11 X 33% making the LCT of $15,818
So total of $140,3967

Anything I’m missing here?

I think I'm "missing" something,.....what make & model car are you considering importing?
Pickles.

[jnrdavo]

RS6??

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[Muckman]

Its a Lamborghini Gallardo Manual.
The part I just dont get is calculating the 5% Customs
Is the 5% calculated on the purchase price? Or is it on the LCT value? Or is it 5% of total value of car + GST + LCT + shipping ?
Im so confused


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[jnrdavo]

Aud$100k for a manual lambo, I'd buy that for a dollar!!! (80's movie reference)

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[jnrdavo]

Does this make sense...

https://www.ato.gov.au/Business/Luxu...n-LCT-applies/

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[Muckman]

Does this make sense...

https://www.ato.gov.au/Business/Luxu...n-LCT-applies/

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Yeh that’s where I got the secret formula from lol
But it doesn’t really explain as to how they get the “Customs Value” number

Im assuming the Customs Value is just the 5% on the purchas price only (not including shipping)


So here it goes

Purchase price $103389
Duty 5%$5169

Custom Value
103389 + 5169 =$108558

Shipping and Insurance$3500

GST 10% of 108558 $10,855

Luxury Car Tax Value
108558 + 10855 + 3500 =$122913

Luxury Car Tax - Threshold
122913 - 71849 = 51064 x 10 ÷ 11 × 33% =$15319

Total
122913 + 15319 = $138232

Than ya got things like complain in and **** but thats about 5K in total
Anything Im getting wrong here?


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[Muckman]

Aud$100k for a manual lambo, I'd buy that for a dollar!!! (80's movie reference)

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Its actually a robo cop reference lol


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[jnrdavo]

Its actually a robo cop reference lol


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Spot on!

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[broke90]

Its a Lamborghini Gallardo Manual.
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I remember the movie well so I reckon you should skip the Lambo and get this instead (from the movie):

https://www.hotcars.com/robocops-car...0-sux-details/

[jnrdavo]

The 6000 Sux, lovely!!