The Victorian State Revenue Office (SRO) has released information about how dealers should be calculating the dutiable value of new and used motor vehicles sold as a drive-away deal from 1 July 2026. This information is now available on the SRO website.
What is the purpose of the SRO information?
The information provides guidance on the calculation of the dutiable value of ‘Drive-away deals’ for new and used motor vehicles where the date of registration or transfer is on or after 1 July 2026.
What information does the SRO information confirm?
The updated SRO information advises on key factors and provides figures when calculating the dutiable value of a motor vehicle that is subject to a ‘Drive-away deal’.
Information that has been updated includes:
- Calculating Motor Vehicle Duty for drive-away deals.
- Calculating the dutiable value of new passenger duty under a drive away deal.
- Calculating the dutiable value of used passenger duty under a drive away deal.
Information about Luxury Car Tax (LCT) and duty payable on demonstrator and used vehicles is included in the SRO bulletin. You can read more about LCT here.
What should dealers do to prepare?
Dealers should ensure that their Dealer Management System is updated to ensure that any necessary adjustments are made to reflect this change from 1 July 2026.
How can I find out more about motor vehicle duty?
To find out more about motor vehicle duty on the SRO website, please click here or alternatively, contact the SRO direct on 13 21 61 or via email at contact@sro.vic.gov.au.