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  #1  
Old 18-11-2008, 03:46 PM
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Default Question regarding Transfer when swapping cars...

Anyone gone through the process of 'swapping' cars. When filling out the transfer papers, is the value still entertained. I'd assume so but just wanted to check to see if anyone has gone through the process.
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Old 18-11-2008, 03:47 PM
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As an ex employee, its still considered a normal transfer. Still have to declare full market value. Both people will have to pay stamp duty.
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Old 18-11-2008, 04:37 PM
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Yep. Is what I had to do when I swapped mine. They get you every time one way or another.
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Old 18-11-2008, 06:54 PM
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yeah goes on the "market value" of the car.
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Old 19-11-2008, 08:27 AM
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Quote:
Originally Posted by GX-REX
yeah goes on the "market value" of the car.
And as the economy is "going down the drain"....market value worth should be at an extreme minimum
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Old 19-11-2008, 10:30 AM
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And apparently even husband to wife (or vice versa) transfers of ownership attract full stamp duty!
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Old 19-11-2008, 11:19 AM
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I'd just pick the lowest red-book trade in value, plenty lower than retail, will have justification for your price also if ever questioned.
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Old 19-11-2008, 12:50 PM
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what did you end up trading jme??
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Old 19-11-2008, 02:07 PM
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remember to take the drugs out of the boot :O
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