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1 Press Ctrl-A ©G Dear 2010 – Not to be sold/Free to use Stamp Duty and Buying a Car Stage 6 - Year 11 Applied Mathematic (Preliminary General 1)

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Presentation on theme: "1 Press Ctrl-A ©G Dear 2010 – Not to be sold/Free to use Stamp Duty and Buying a Car Stage 6 - Year 11 Applied Mathematic (Preliminary General 1)"— Presentation transcript:

1 1 Press Ctrl-A ©G Dear 2010 – Not to be sold/Free to use Stamp Duty and Buying a Car Stage 6 - Year 11 Applied Mathematic (Preliminary General 1)

2 2 Stamp Duty and Car Insurance (1/5) Stamp duty is calculated at: 3% of the market value up to $45,000 5% on the value over $45,000. 1.Stamp duty on $45,000 at 3%=$1,350 3.Total stamp duty=$1,600 Calculate Stamp Duty on a $50000 car. 2.Stamp duty on $5,000 at 5%=$250 End of Slide Stamp duty is a tax based on the market value of the vehicle or the price you paid, whichever is greater.

3 3 Stamp Duty and Car Registration (2/5) 3% of the market value up to $45,000 5% on the value over $45,000. $1000 $2000 $10000$20000$30000$40000$50000$60000 Value Stamp Duty

4 4 Stamp Duty and Car Registration (3/5) 3% of the market value up to $45,000 5% on the value over $45,000. $1000 $2000 $10000$20000$30000$40000$50000$60000 Value Stamp Duty End of Slide Find Stamp Duty on $55000. $1825

5 5 Stamp Duty and Car Registration (4/5) 3% of the market value up to $45,000 5% on the value over $45,000. $1000 $2000 $10000$20000$30000$40000$50000$60000 Value Stamp Duty End of Slide Find Stamp Duty on $30000. $900

6 6 Stamp Duty and Car Registration (5/5) 3% of the market value up to $45,000 5% on the value over $45,000. $1000 $2000 $10000$20000$30000$40000$50000$60000 Value Stamp Duty End of Slide Find Stamp Duty on $40000. $1225


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