Taxation Laws Amendment Act (No. 8) 2000 (156 of 2000)

Schedule 6   Other amendments

A New Tax System (Luxury Car Tax) Act 1999

42   At the end of section 5-20

Add:

Supply of car by lease or hire

(6) The*luxury car tax value of a*car that is supplied by way of lease or hire is the*GST inclusive market value of the car excluding:

(a) any luxury car tax payable on the supply; and

(b) any other*Australian tax, fee or charge, other than*GST and*customs duty; and

(c) the*price of any modifications referred to in subsection (5).