Commonwealth Numbered Acts
[Index]
[Table]
[Search]
[Search this Act]
[Notes]
[Noteup]
[Previous]
[Next]
[Download]
[Help]
A NEW TAX SYSTEM (LUXURY CAR TAX) ACT 1999 - SECT 7.15
The amount of luxury car tax
The amount of luxury car tax payable on a * taxable importation of
a luxury car is as follows:
where:
luxury car tax value of the * car is the sum of:
- (a)
- the customs value (for the purposes of Division 2 of Part VIII of the
Customs Act 1901 ) of the car and of any * car parts, accessories or
attachments covered by subsection 7-10(2); and
- (b)
- the amount paid or payable:
- (i)
- to transport the car and any car parts, accessories or attachments covered
by subsection 7-10(2) to * Australia; and
- (ii)
- to insure the car and any car parts, accessories or attachments covered
by subsection 7-10(2) for that transport;
to the extent that the amount is not already included under paragraph (a); and
- (c)
- any * customs duty payable in respect of the * importation of the car and
of any car parts, accessories or attachments covered by subsection 7-10(2);
and
- (d)
- any * GST payable in respect of the importation of the car and of any
car parts, accessories or attachments covered by subsection 7-10(2).
AustLII: Copyright Policy
| Disclaimers
| Privacy Policy
| Feedback