A New Tax System (Luxury Car Tax) Act 1999
The luxury car tax payable by you on a * taxable supply of a luxury car is attributable to the same * tax period , or tax periods, applying to you as the tax period or tax periods to which:
(a) if the * supply is a * taxable supply - the taxable supply is attributable; or
(b) if the supply is not a taxable supply - the supply would be attributable if it were a taxable supply.
Note:
For the basic rules on attribution of taxable supplies, see section 29-5 of the GST Act.
(1A)
The luxury car tax payable by you on a * taxable supply of a luxury car that is supplied by way of lease or hire is entirely attributable to the first * tax period to which the supply of the car is attributable. This subsection has effect despite section 156-5 of the * GST Act .
Note:
Under that section, the luxury car tax could otherwise be payable on a periodic basis.
View history note
Hide history note(2)
A * luxury car tax adjustment that you have is attributable to the same * tax period , or tax periods, applying to you as the tax period or tax periods to which:
(a) if the luxury car tax adjustment is an * adjustment - the adjustment is attributable; or
(b) if the luxury car tax adjustment is not an adjustment - the luxury car tax adjustment would be attributable if it were an adjustment.
Note:
For the basic rules on attribution of adjustments, see section 29-20 of the GST Act.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
