I am buying a car which is on non transferable NSW Club Rego, the plates will be handed in by the current owner I plan to put the vehicle on full rego my question is do I have to pay the stamp duty on the purchase fee for a vehicle which I would have thought is no different to an unreg vehicle but people are telling me different , I realise I will need to get a blue slip green slip then pay for reg no mods so no engineers involved

Terry is correct.

Club rego is not transferrable and the car will be sold with no plates. They must be returned.To get club rego for your car you need to join a club which is in the scheme. So you pay your membership and get limited use of your vehicle. It is currently sixty days per year plus official club runs/outings. Our club does several each year which are like a tour sometimes being a week or two. They attend other clubs outings/meetings etc. 60 days is actually a fair bit of use. I have several on it so if you have several cars you get 60 days for each. If it is not a daily drive I reckon you will be hard pushed using all of it. There is no stamp duty when your car goes under that scheme. I think it is pretty OK. If you go for full rego you will pay stamp duty, CTP and rego which will add up to much more than living with what many see as a good scheme for classic car owners. No need to notify Govt of your purchase with no rego. They will know when you join the club and get limited rego. Hope this info helps.
Nick

I think that is right, stamp duty is on purchase price OR market value, whichever is higher. I face the same dilemma when I go to register any of my HK GTS's. I've owned them since the late 80's to early 90's when a whole GTS327 was $2000. The yellow car was an ex speedway car and I paid stuff all for it, and I still have the receipt from 1991 or whenever it was. So when I register it in 202x what is the market value then? I can argue that I bought all the parts, and the body was almost free, which is the only part that can on paper be transferred in ownership to me other than the BBC engine block which I got for free as it spun a bearing. It is to have a BBC in it so I doubt it can go on club rego, so will have to be regoed. Always been a point of contention in NSW.

You only pay stamp duty when you go to register it. Otherwise the RMS have absolutely no idea you even bought it. They just get the club plates handed back in,the same as if it had just run out of rego.
Stamp duty will be based on market value or the purchase price, which ever is higher.
I go through this every time I get motivated and get my WB re-registered. They want to know what I paid for it, I say I have owned it since 2000. They wave the stamp duty because it has been previously registered in my name.
As for HK’s Monaro, it should be based on what you paid for it all those years ago.

Historic rego doesn't incur the stamp duty. The same car can be sold (unreg'd) and put on club rego by the new owner, then sold to another owner etc many times over, and it will never incur stamp duty whilever it stays on club reg, or unregistered.

It's only when someone wants to put it on full rego that stamp duty is then charged.

This is one of the contributing factors to the muscle car boom - investors could buy & sell for profit, without copping any taxes or duties.


Be careful with the value you do put down on the declaration if you go to put it on full rego.
When I bought the Group A, the RMS lady said "I think you put too many zeros, a VL is only worth $xxxx according to our guide."

Now it might have been tempting to put down a low value, which wouldn't be noticed on their books, as the model code simply identifies it as a VL base model - there's nothing in the chassis number that tells them it's a Group A, so they have no way of knowing.

However, when I went to get the insurance done, I was asked by the underwriter what I really paid for it, and what I put on the RMS form. He told me "don't lie, we're all linked up now, so if you only paid $xyz, that's all we'll insure it for in the first 12 months."

So the risk there, is if you understate the value to the RMS, and you need to claim on your comprehensive rego, the insurance company can find out that info, and either deny your claim, or underpay.

Who knows but you are going to pay some tax on the car if you fully register it. Which is what the OP asked.
Why would the insurance company want to know if you dodged a bit of tax? They should have no reason to rely on the rego authority to value a classic car.
I guess on the other hand if you enjoy the way that classic cars have gone up in value, you can’t complain about paying a bit of extra one off stamp duty to register it. It’s chicken feed compared to panel and paint tax.

Interesting yes no doubt I have the same dilemma Red Book value for EK van says just under 2k there are two for sale that I know of and are 35-40k both standard same as mine, I am probably around the middle of the valuation price and the two for sale , maybe I go a bit lower and see how I go and argue with Shannons I have made improvements to get it registered and got the car cheap to start with though I have been down that path before with Shannons 2 years ago bought a 2011 Gold R from a good friend of ours female driver, low klms, non smoker no kids or pets, was in business name so always serviced and washed garaged etc. I paid the trade price 23k she was given on a new BMW I tried to get Shannons to insure it for 30k no way could I have replaced it for less at the time, no dice they would not come to the party I argued my point of replacement cost and even though I had another 2 cars with them they still said no APIA insured me in a heartbeat first time dealings with them they were great.

Definitely some merit in what you say but most people fudge the numbers with private purchase prices not by tens of thousands but they still are not 100% truthful perhaps if the RMS didnt continue to rip people on things like personalise plates compared to other states some people might not have that the mentality of trying to get some coin back.

I am sure you can find a car alike at the same price with the same engine that gets stamp duty for club rego.