EV Stamp Duty Exemption NSW

ev-stamp-duty-exemption-nsw

Are you considering purchasing an electric vehicle in NSW? Good news! You won’t have to pay any stamp duty on your purchase.

The NSW government has introduced a new exemption that allows eligible buyers to save on this expense.

To find out if you qualify and learn more about the application process, keep reading.

No stamp duty payable on electric vehicle purchases

There’s no stamp duty payable on electric vehicle purchases in NSW. The government has implemented a stamp duty exemption for eligible new and used electric vehicles under 4.5 tonne gross vehicle mass. This exemption applies to vehicles registered from 1 September 2021 onwards.

It is part of the NSW Government’s incentive to encourage the adoption of electric vehicles. The exemption covers battery electric and hydrogen fuel cell vehicles that cost up to $78,000 in dutiable value. By removing the stamp duty, the government aims to make electric vehicles more affordable for potential buyers.

This stamp duty exemption will put up to $3,000 back into the pocket of EV purchasers.

This exemption, along with the significant rebate offered by the NSW Government, can save new EV purchasers up to $5,540, making it an attractive option for those considering buying an electric vehicle.

Click Here to Apply.

Eligibility criteria and application process

To qualify for the stamp duty exemption for electric vehicles in NSW, you must meet certain eligibility criteria and follow a specific application process.

The eligibility criteria include purchasing a battery electric vehicle or a hydrogen fuel cell electric vehicle that is registered in NSW. The vehicle must be new, with a purchase price of no more than $78,000 for battery electric vehicles. Additionally, the vehicle must have a zero-emission range of at least 200 kilometers for battery electric vehicles and 500 kilometers for hydrogen fuel cell electric vehicles.

To apply for the exemption, you need to complete the online application form and provide supporting documentation, such as proof of purchase and vehicle registration details. Once your application is approved, you will receive the stamp duty exemption for your electric vehicle purchase.

Eligibility criteria

If you’re considering applying for stamp duty exemption for an electric vehicle in NSW, it’s important to know who is eligible.

Who can apply for stamp duty exemption

NSW residents and businesses can apply for stamp duty exemption when registering new or used light BEVs and FCEVs.

If you are a resident or business in NSW and you purchase an eligible vehicle between September 1, 2021, and the present, you can claim back the stamp duty you paid on the registration.

This exemption applies to both personal and business use of the vehicle.

The eligible vehicles must have a dutiable value up to and including $78,000.

To apply for the stamp duty exemption, you will need to provide the necessary documentation and complete the application process.

Once approved, you will be able to enjoy the benefits of not having to pay stamp duty on your vehicle registration.

It’s a great opportunity to save some money when going green with an electric vehicle.

What electric vehicles does it apply to?

The stamp duty exemption applies to both new and used light battery electric vehicles (BEVs) and hydrogen fuel cell electric vehicles (FCEVs) under 4.5 gross vehicle mass with a dutiable value up to $78,000.

This means that if you purchase an electric vehicle (EV) in New South Wales (NSW) with a dutiable value within this range, you will be exempt from paying stamp duty.

A BEV is an EV that runs entirely on battery power and requires no petrol, while an FCEV uses a fuel cell to convert hydrogen to electricity for propulsion.

It’s important to note that the stamp duty exemption only applies to light vehicles, including passenger vehicles, sports utility vehicles, light trucks, light commercial vehicles, and motorcycles.

Vehicles that are not exempt from stamp duty under this policy include hybrid electric vehicles and plug-in hybrid electric vehicles, heavy trucks / heavy vehicles, trailers, and caravans.

Examples of BEVs and FCEVs that, subject to pricing and eligibility requirements, may qualify for this stamp duty exemption can be found here.

When does the electric vehicle need to be purchased and registered

To be eligible for the stamp duty exemption, you must purchase and register your electric vehicle on or after 1 September 2021. This means that if you bought your electric vehicle before this date and register it after 1 September 2021, you will not be eligible for the stamp duty exemption.

It’s important to note that if you purchased an eligible vehicle before 1 September 2021 and register it on or after that date, you will still be exempt from paying stamp duty for that registration.

Do you still need to pay stamp duty when registering an eligible electric vehicle

If you’re registering an eligible electric vehicle, you’ll still need to pay stamp duty between 1 September 2021 and 14 August 2022. However, don’t worry, you can claim a stamp duty refund through the application portal. The stamp duty exemption for eligible electric vehicles will be automatically applied for registrations or transfers from 15 August 2022 onwards, meaning you won’t have to pay stamp duty or go through the process of claiming a refund.

Application Process

If you’re looking to apply for a stamp duty exemption or refund, it’s important to know when and how to do so.

When and how can a stamp duty exemption and refund be applied for?

The stamp duty exemption and refund can be applied for starting from 1 November 2021 on the NSW Government online application portal. Here’s what you need to know about when and how you can apply for the EV stamp duty exemption in NSW:

  • Eligibility: Make sure you meet the criteria for the exemption, such as owning an eligible electric vehicle and residing in NSW.
  • Online Application: Visit the NSW Government online application portal and fill out the required information.
  • Supporting Documents: Prepare necessary documents, such as proof of vehicle ownership and residency.
  • Submission: Submit your application and wait for a confirmation.
  • Processing Time: The processing time may vary, but you will be notified of the outcome once it is finalized.

What information do you need to apply for a stamp duty exemption?

To apply for a stamp duty exemption, you’ll need:

  • A current and valid NSW driver license that matches the registration details
  • A certificate of registration with a registration number, registration history, registered owner, vehicle use, Vehicle Identification Number (VIN), and proof of registration entitlement.

This information is necessary to ensure that you meet the requirements for the EV stamp duty exemption in NSW.

When submitting your application, make sure that all the details on your driver’s license are up to date and match the registration information. The certificate of registration should include the necessary details, such as the registration number, history, owner, vehicle use, VIN, and proof of registration entitlement.

When will a stamp duty be refunded?

For individuals seeking the exemption and refund, Revenue NSW will assess the provided information within 15 business days after receiving a comprehensive application. Successful applicants will receive notification from Revenue NSW.

Upon approval of the stamp duty exemption, Revenue NSW will initiate the transfer of the refund to the customer’s designated bank account within five business days following the notification of a successful application.

Please be aware that starting from August 15, 2022, the stamp duty exemption will be applied automatically. This means you won’t need to cover any upfront duty expenses or initiate a refund application.

Do you need to apply separately for a rebate and a stamp duty refund?

Don’t forget that you’ll need to apply separately for a rebate and a refund, but luckily, both applications can be completed through a single online portal. This means that you won’t have to go through the hassle of filling out multiple forms or visiting different websites. The process is made even more convenient for you.

What personal details are required to apply for a stamp duty exemption?

When applying for a stamp duty exemption in NSW, you’ll need to provide the following personal details:

If you are applying as an individual, you will be required to provide:

  • Transport for NSW Customer Number 
  • Copy of your NSW Driver Licence
  • Copy of your Certificate of Registration
  • Name
  • Date of birth
  • Mailing address
  • Email 
  • Phone number

If you are applying as a business, you will be required to provide:

  • Transport for NSW Customer Number
  • Copy of NSW Driver Licence of the business contact person
  • Copy of the Certificate of Registration
  • Company name
  • ABN, ACN or ABRN etc.
  • Contact person name
  • Contact mailing address
  • Contact email
  • Contact phone number

Enquire Online

(02) 9713 6000