A New Tax System (Luxury Car Tax) Act 1999
You have a decreasing luxury car tax adjustment if:
(a) you * imported a * luxury car ; and
(b) luxury car tax was payable on the importation because you did not * quote for the importation; and
(c) you were * registered at the time of the importation; and
(d) you intend to use the car for a * quotable purpose ; and
(e) you have only used the car for a quotable purpose.
(2)
The * decreasing luxury car tax adjustment is equal to the amount of luxury car tax that was payable on the importation.
(3)
You have an increasing luxury car tax adjustment if
(a) you * imported a * luxury car ; and
(b) either:
(i) no luxury car tax was payable on the importation because you * quoted for the importation; or
(ii) you had a decreasing luxury car tax adjustment under subsection (1); and
(c) you used the car for a purpose other than a * quotable purpose .
(3A)
You have an increasing luxury car tax adjustment if:
(a) you *imported a *luxury car; and
(b) no luxury car tax was payable on the importation because of paragraph 7-10(3)(ba) ; and
(c) either:
(i) you use the car (or permit it to be used), and that use would have prevented that paragraph applying if it had been your purpose in importing the car; or
(ii) you supply the car to another entity.
View history note
Hide history note(3B)
However, subparagraph (3A)(c)(ii) does not apply if luxury car tax would, because of paragraph 7-10(3)(ba) , not have been payable if the other entity had instead *imported the car for the same purpose as its purpose in acquiring the car from you.
(4)
The * increasing luxury car tax adjustment is equal to:
(a) the amount of luxury car tax that you would have had to pay if you had not * quoted for the * importation ; or
(b) the amount of the decreasing luxury car tax adjustment; or
(c) the amount of luxury car tax that you would have had to pay if paragraph 7-10(3)(ba) had not applied in relation to the importation;
whichever is relevant.
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.
