redvxr8clubby
Active Member
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- Jan 5, 2015
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- Sunshine Coast QLD
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- VX Clubsport R8 & VE SS
Sorry, not entirely accurate I'm afraid.
The dealer does have to add the GST when he sells the car to you, but he claims a credit for the GST in the car when they purchase it. If it was a person not registered for GST, they can claim one eleventh of the purchase price. So they really do only pay GST on the profit of the vehicle, each time it is sold.
Back to MY17.....
I realised if they paid GST when buying from a dealer, they could claim it back, didn't know they could claim one eleventh of a private trade in price, it makes sense.