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    Who needs to pay LCT and who can defer paying it?

    If you sell or import cars valued at more than the threshold you will need to pay LCT.

    In some circumstances, you may be able to defer paying LCT by quoting your ABN.

    You can do this if you plan to use the car only for one of the following purposes:

    • to hold it for trading stock (not including holding it for hire or lease)
    • to carry out research and development for the car's manufacturer
    • to export it GST-free.

    If you stop using a car for a quotable purpose, for example, if you hold a car as trading stock and start using it for private purposes, or if it becomes a capital asset of your business you must pay the LCT.

    See also:

    Last modified: 04 Apr 2017QC 33688