Home›Questions on Notice›QoN 415

❓ Mr. Birney questions the Treasurer about new or increased taxes since 2001, specifically regarding stamp duty. The Treasurer clarifies the existing stamp duty law concerning motor vehicles licensed by dealers, stating there has been no policy change, and a recent ruling only clarified existing legislation.

AnsweredQoN 415Legislative Assembly

Asked

13 September 2005

Member

Mr M.J. Birney

Portfolio

Treasurer

QuestionView source ↗

Will the Treasurer provide details (including total increased annual tax revenue and year introduced) of all policy decisions that have led to either new taxes, increased existing taxes and existing taxes being charged (for example, stamp duty on unit trust securities that are being privatised, stamp duty on vehicles on loan from car dealers etc ) since Labor came to office in 2001?

AnswerView source ↗

Answered

11 October 2005

Response time

28 days

In regard to the stamp duty treatment of motor vehicles licensed by dealers, there has been no policy change in this area. The Stamp Act 1921 imposes stamp duty on a vehicle licensed by a motor vehicle dealer, unless the vehicle is licensed solely for resale or demonstration purposes. In these cases, the vehicle may be used for minor incidental purposes and retain the stamp duty exemption. The recent ruling by the Commissioner of State Revenue (Revenue Ruling SD 33.0 on 1 July 2005) served to clarify and reinforce the application of the existing law (examples of uses that are not considered to be minor incidental purposes are included in the ruling).

View on Parliament of WA