13‑15 Attribution rules for taxable supp13‑15 Attribution rules for taxable supplies of luxury cars and luxury car tax adjustments

13‑15 Attribution rules for taxable supplies of luxury cars and luxury car tax adjustments

(1) The luxury car tax payable by you on a *taxable supply of a luxury car is attributable to the same *tax period, or tax periods, applying to you as the tax period or tax periods to which: (a) if the *supply is a *taxable supply—the taxable supply is attributable; or (b) if the supply is not a taxable supply—the supply would be attributable if it were a taxable supply.

Note: For the basic rules on attribution of taxable supplies, see section 29‑5 of the GST Act.

(1A) The luxury car tax payable by you on a *taxable supply of a luxury car that is supplied by way of lease or hire is entirely attributable to the first *tax period to which the supply of the car is attributable. This subsection has effect despite section 156‑5 of the *GST Act.

Note: Under that section, the luxury car tax could otherwise be payable on a periodic basis.

(2) A *luxury car tax adjustment that you have is attributable to the same *tax period, or tax periods, applying to you as the tax period or tax periods to which: (a) if the luxury car tax adjustment is an *adjustment—the adjustment is attributable; or (b) if the luxury car tax adjustment is not an adjustment—the luxury car tax adjustment would be attributable if it were an adjustment.

Note: For the basic rules on attribution of adjustments, see section 29‑20 of the GST Act.