General Discussion Area > Corvette Related Chat
When importing a vette - Is there a 12 months rule/regulation?
gtc:
From those in the know, is there some import duty or other tax benefit, or scheme or arrangement, whereby you purchase a Vette in the USA, leave it there for 12 months, then bring it to Oz.
I've heard contradictory versions of this. Is it a myth or a fact?
If it's a fact, where do you save money at this end?
Cheers, Graeme
Scott:
IIRC, If you can prove you have owned the car overseas for 12 months, you can import and register it as is. ie, you don't need to change anything for compliance. So, you could import the latest Vette, and then drive it around as is, LHD and all. I could be wrong though.
ozpont:
.. the law as I understand the latest.. is:
* You must document legally 12 months PERSONAL ownership and USE WHILE in another country.. but you must have owned the car IN YOUR NAME.. provide proof of use.. and maintained overseas for the 12 months, your passpost is used as evidence of this. .. ie you can't just buy one and leave it there while you travel around or return to oz etc.
* No tax concession is made anymore..... tax is paid on the depreciated/ market value of the vehicle at time of import.. and if Customs don't like your value. .they will revalue it for you......
* Minimal side stepping of the current ADR laws is allowed.. seat belts being one and some other minor concessions.
* I understand NT will still allow immediate LHD rego as long as your the importer and owner and resident of NT. If you move from NT to another state your at the mercy of those other state laws (ie Convert it to RHD if you intend to or want to stay in that state and register the vehicle).
Full details are available Dept of Transport & Communications (Federal)
Hope that helps.
gtc:
^^ thanks.
There's a section on the DOTARS site that covers personal imporation of vehicles and it goes on to say ...
Copies of the following documents must[/u] be provided to establish ownership and use of the vehicle overseas for twelve consecutive months, or more:
• every page of your passport including all blank pages
• statement of travel. This involves supplying details of any absences from your main country of residence during the relevant qualifying period for ownership and use of the vehicle. If your travel was for business reasons you must supply a letter to that effect from your employer.
• purchase documents
• overseas registration documents in your name
• Driver’s Licence
A $50 application fee must also be provided.
69 DIRTY RAT:
You're not thinkin of importing now??? What about the LHD business U were against!!!
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