Guide to luxury car tax

Registering, reporting and paying

You account for LCT when completing your activity statement for the tax period which also applies for GST.

If you are registered for GST, you must include any LCT you must pay on your activity statement. You should complete the LCT section of your activity statement for the period in which you make either:

• a taxable sale of a luxury car
• an adjustment to LCT.

You cannot claim GST credits for LCT.

You need to pay LCT as well as any goods and services tax (GST) payable.

Registering for LCT

Generally, if you operate a business that sells cars you will need to have an Australian business number (ABN) and be registered for GST.

LCT adjustments

If circumstances change after you sell or import a luxury car, you can adjust the amount of LCT payable through your activity statement.

Deferring your LCT payment

In some circumstances you can quote your ABN (using an approved format) at the time you purchase or import a luxury car to defer paying LCT until the car is sold or imported at the retail level.

Luxury car tax - home

Sections within Registering, reporting and paying

• Registering for LCT
• LCT adjustments
• Deferring your LCT payment