NO LUXURY CAR TAX ON VINTAGE CARS
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Dear All lovers of old cars, currently there is no import duty on old cars over 30 years of age but imported old cars attract the luxury car tax if of sufficient value.
This seems to penalize those of us that love old cars, but those that love boats, planes, helicopters, art, jewellery etc are not paying additional tax no matter if there purchase is new or not. There are many more people that could be employed in the restoration business's if more old cars came to Australia, including those who have been made redundant because of Ford, Toyota and GM"S decision to cease production of motor vehicles here in Australia, and they are already trained in the industry!
Please address this imbalance. The Henry report on a fairer tax system also pointed out, the unfairness of the tax, please see section of report @
On behalf of the old car movement.
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