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ronimp

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Posts posted by ronimp

  1. In some cases Customs will value cars based on the purchase invoice supplied in the UK (a cynic would suggest Customs are happy to do this if it means the value - and therefore the tax paid - is higher than what an independent valuation would give them). For about 90% of cases that we deal with, an independent valuation is the way to go, as it's fairer for everyone.

     

    Traditionally, valuations were based on the price on the market value in the country of origin, but this changed many years ago. These days, they are based on the Australian market value minus the necessary deductions to reach a landed value on the docks.

     

    Thanks Iron Chef but according to the custom site, they should be using the foreign valuation...

    http://www.customs.gov.au/webdata/resources/files/ValuationImportedRoadVehicles.pdf

     

    can I challenge them if they are not following this?

  2. Ok I've been having a tinker with this for a little while and think I've got it pretty close. I've developed an Excel spreadsheet that provides an estimate of whether or not your car is

     

    Category A: definitely worth bringing, you'll do nicely out of it when the time comes to sell

    Category B: only worth bringing if you love the car and/or plan to keep it for a while

    Category C: not worth the aggro, you're better off selling it in the UK

     

    *Disclaimers* - the estimates are based on the following:

     

    1) using my services at AUD990 (it's set up for my customers, obviously!)

    2) using RORO shipping from Southampton (does not include transport to get your car to the port)

    3) the current GBP/AUD exchange rate

    4) a customs value at 75% of the normal market value

    5) includes customs duty and GST

    5) a set figure for dock charges (which I've deliberately set higher than what they normally come in at)

    6) includes the cost of a valuation and transport to the workshop once cleared

    7) includes $1000 for minor modifications needed for registration

    8) does NOT include registration costs (because you pay that on all cars, whether they're imported or bought here in Australia)

     

    As you can see, I've tried to be as upfront about the costs of getting the vehicle to Australia, and I have actually over-allowed on what many bills come in at. There are a heap of variables in here and each car is different, so don't be disheartened if you get a category C - the calculator isn't meant to be the ultimate authority, but it will give you a fair guide.

    What I need from you:

     

    1) Year/make/model/mileage/aircon or no aircon

    2) Market value in the UK (be realistic!)

    3) Market value in Australia (search via www.redbook.com.au and make sure you click right through to the description to get the correct price ranges - if you don't chances are you're looking at the price it was sold at when it was new)

     

    Let's test it out :biggrin:

     

     

    Hi,

     

    I also have my own calculator, something I put together as I was gathering info about taxes and other things. Does yours take into account of Luxury car tax? Anyway, these are my car details. Just out of interest, your service 990AUD - what is this all about?

     

    2006/Mercedes/C180/40K/aircon

    UK Market value - £7K

    Aus Market Value - $19K

     

    thx

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