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GST on imported aircraft


Myrodd
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I have found out that there is no import duty on aircraft (weighing under 2,000kg, I think it was.) but there is GST charged at the rate of 10%.

 

My question is: If you have purchased an aircraft overseas and use it for 2 years travelling around before bringing it into Australia, how do they work out the GST?

 

It's no longer new. No longer worth the price you paid. If it's on retail value and it's not a common type of aircraft,who sets the resale value and how do they arrive at that?

 

I know they charge it also on the freight to get it here, but if you fly it here, maybe that's a different situation as well.

 

 

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I'd be taking a look to see if there is any exemption for previously owned items. There used to be (and still may be) some random exemption to do with a personal motor vehicle if you lived abroad for some minimum time and had owned the vehicle for a minimum time... can't remember the details.

 

Call customs and ask... and make sure you return and tell us.

 

Also, isn't there some thing where you can fly N-rego planes here? And isn't that aligned with the reasons there are US-certified LAMEs working here? Or was I misinformed/mistaken in glancing at various sources of stuff I didn't pay close attention to?

 

 

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Call Christine at C&H Freight in Melbourne on (03) 9330 0800. They specialise in aircraft imports. She can tell you all you need to know.

 

You're correct about aircraft being duty-free, but they will slug you the 10% GST. Essentially it will be your responsibility to provide "acceptable" documentation to Customs which states the value of the aircraft.

 

 

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If you buy in Europe, you'd expect to pay their VAT or GST or whatever they call it and it is often double the Aussie GST. Buy in Europe and export and you are exempted (or refunded) their GST equivalent but attract Aussie GST.

 

Of course, you could over time buy it in pieces with each piece being worth less than A$1,000 032_juggle.gif.8567b0317161503e804f8a74227fc1dc.gif

 

 

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