• 1.c. Are motor vehicles held by a finance company under a bailment arrangement trading stock for the purposes of luxury car tax?

    Non-interpretative - straight application of the law.

    Motor vehicles held under a bailment arrangement by a finance company are not regarded as being held for hire and therefore are trading stock of the finance company for GST and luxury car tax purposes.

      Last modified: 07 Jun 2012QC 16411