A NEW TAX SYSTEM (LUXURY CAR TAX) ACT 1999 - SECT 5.10 Taxable supplies of luxury cars

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A NEW TAX SYSTEM (LUXURY CAR TAX) ACT 1999 - SECT 5.10

Taxable supplies of luxury cars

(1): You make a taxable supply of a luxury car if:

(a): you supply a ^*luxury car; and
(b): the supply is made in the course or furtherance of an ^*enterprise that you ^*carry on; and
(c): the supply is ^*connected with Australia; and
(d): you are ^*registered, or ^*required to be registered.

(2): However, you do not make a taxable supply of a luxury car if:

(a): the ^*recipient ^*quotes for the supply of the car; or
(b): the car is ^*more than 2 years old; or
(c): you export the car in circumstances where the export is ^*GST-free under Subdivision 38-E of the ^*GST Act.

(3): A ^*car is more than 2 years old at the time of a supply if:

(a): for a car that has not been ^*imported—the car was manufactured more than 2 years before the time of the supply; or
(b): the car was imported more than 2 years before the time of the supply.

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