1961 Alfa Romeo Giulietta Sprint Speciale on Bring-a-trailer

Started by twistybits, September 09, 2017, 10:49:20 AM

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twistybits

Everyday wheels: Octavia RS & MGB GTV8
Ex caretaker of:
71 (S2) 1750 GTV
147 GTA
63 MGB
71 BMW 2002tii
65 Mk1 GT Cortina
72 Lotus Mk1 Escort
(Yearning for another 105 Series)

Dna Dave

My guess $150k

Stunning looking car, very unique, i have driven one and wont forget that experience.

David
1980 Alfa gtv racecar, 2.0L twinspark turbo
1991 Alfa 75 Potenziata
2009 Alfa Mito VRA Racecar
1974 Alfetta sedan
2003 Mitsubishi Evo3 RS
2008 Alfa GT 3.2L
2007 Mazerati MC Victory

Past,

Not that many 😜

twistybits

Quote from: Dna Dave on September 09, 2017, 12:26:26 PM
My guess $150k

Stunning looking car, very unique, i have driven one and wont forget that experience.

David

IMO, its one of the prettiest car ever produced.
$140-160K USD is my guess.
It looks fantastic and I'm certainly very interested.
I'm trying to understand if their are LCT exemptions on importing a classic car like this? 
Everyday wheels: Octavia RS & MGB GTV8
Ex caretaker of:
71 (S2) 1750 GTV
147 GTA
63 MGB
71 BMW 2002tii
65 Mk1 GT Cortina
72 Lotus Mk1 Escort
(Yearning for another 105 Series)

Dna Dave

As i just experienced with importing my 3.0L south africian, dont forget gst, and all the other expenses, and i believe LCT will be charged as well.

Good luck with it, they are special.

David
1980 Alfa gtv racecar, 2.0L twinspark turbo
1991 Alfa 75 Potenziata
2009 Alfa Mito VRA Racecar
1974 Alfetta sedan
2003 Mitsubishi Evo3 RS
2008 Alfa GT 3.2L
2007 Mazerati MC Victory

Past,

Not that many 😜

kaleuclint

LCT not applicable to anything more than two years old.  GST still payable though along with import admin charges. 
2011 159ti 1750TBi

twistybits

Quote from: kaleuclint on September 11, 2017, 04:34:54 PM
LCT not applicable to anything more than two years old.  GST still payable though along with import admin charges.
Thank you - I thought this was the case.


Sent from my iPhone using Tapatalk
Everyday wheels: Octavia RS & MGB GTV8
Ex caretaker of:
71 (S2) 1750 GTV
147 GTA
63 MGB
71 BMW 2002tii
65 Mk1 GT Cortina
72 Lotus Mk1 Escort
(Yearning for another 105 Series)

Dna Dave

U guys may be correct about the LCT, but my mate just imported a R100 from the states, and his custom agent told him that if its over 58k, (i think thats the amount) it will attract LCT, hopefully his customs agent got it wrong.

Im not an accountant, so i dont know.

David
1980 Alfa gtv racecar, 2.0L twinspark turbo
1991 Alfa 75 Potenziata
2009 Alfa Mito VRA Racecar
1974 Alfetta sedan
2003 Mitsubishi Evo3 RS
2008 Alfa GT 3.2L
2007 Mazerati MC Victory

Past,

Not that many 😜

bonno


twistybits

#8
Quote from: Dna Dave on September 11, 2017, 09:57:16 PM
U guys may be correct about the LCT, but my mate just imported a R100 from the states, and his custom agent told him that if its over 58k, (i think thats the amount) it will attract LCT, hopefully his customs agent got it wrong.

Im not an accountant, so i dont know.

David
Thanks again. Their certainly appears to be a mine field of paperwork to get through to get a vehicle to our shores!
I believe the intent of a LCT is to deter potential buyers of relatively new lux cars and protect the car industry (what's left of it). The ATO website says the following:
LCT doesn't apply:
- where the car was manufactured in Australia more than two years before the sale
- where the car was imported more than two years before the sale


Sent from my iPhone using Tapatalk
Everyday wheels: Octavia RS & MGB GTV8
Ex caretaker of:
71 (S2) 1750 GTV
147 GTA
63 MGB
71 BMW 2002tii
65 Mk1 GT Cortina
72 Lotus Mk1 Escort
(Yearning for another 105 Series)

aggie57

Alister
14 Alfa's since 1977. 
Currently 1973 GTV 2000, 2020 911 C2S MT, 2021 Mercedes GLE350, 2023 Polestar 2 LRDM
Gone......far too many to list

kaleuclint

Quote from: twistybits on September 11, 2017, 11:18:48 PM
Quote from: Dna Dave on September 11, 2017, 09:57:16 PM
U guys may be correct about the LCT, but my mate just imported a R100 from the states, and his custom agent told him that if its over 58k, (i think thats the amount) it will attract LCT, hopefully his customs agent got it wrong.

Im not an accountant, so i dont know.

David
Thanks again. Their certainly appears to be a mine field of paperwork to get through to get a vehicle to our shores!
I believe the intent of a LCT is to deter potential buyers of relatively new lux cars and protect the car industry (what's left of it). The ATO website says the following:
LCT doesn't apply:
- where the car was manufactured in Australia more than two years before the sale
- where the car was imported more than two years before the sale


Sent from my iPhone using Tapatalk

Exactly.  When there is no need to penalise anyone for buying something costing more than the most expensive Holden, LCT should disappear.  It won't of course given the revenue it generates, and also acts as mechanism promoting economic equity (possibly not a bad thing). 

Just to clarify though, in the instance of the SS there would be an LCT liability as the car has not been in Australia for two years.  You also need to add the GST to the price paid BEFORE discarding the threshold figure and applying the LCT rate to the residual.  Would a 1300cc attract the lesser rate of LCT as a "fuel efficient car"?  :D
2011 159ti 1750TBi

twistybits

I have been liaising with the seller (very nice guy). His reserve of $125K is possibly fair but for various reasons, I'm going to let this one slide.

Just for clarity, I have been told that LCT is payable at 33% for every dollar over the $65,094 threshold.
GST is payable on the full value amount.

Everyday wheels: Octavia RS & MGB GTV8
Ex caretaker of:
71 (S2) 1750 GTV
147 GTA
63 MGB
71 BMW 2002tii
65 Mk1 GT Cortina
72 Lotus Mk1 Escort
(Yearning for another 105 Series)