Luxury Car Tax

Article added: 10/02/09 

Amending Bill

A Bill amending the Luxury Car Tax (LCT) regime has received enactment. The Bill ensures that:

• vehicle financing arrangements do not affect refunds being claimed by eligible primary producers and tourism operators; and
• refunds will be paid directly to claimants.

The amendments also clarify that the transitional provision for contracts entered into before 7.30pm (AEST) on 13 May 2008 will still apply, not withstanding that a luxury car was the subject of a financial arrangement entered into after that date.

Tip: Eligible primary producers and tourism operators may be entitled to a partial refund for LCT paid.