5‑10 Taxable supplies of luxury cars5‑10 Taxable supplies of luxury cars

5‑10 Taxable supplies of luxury cars

(1) You make a taxable supply of a luxury car if: (a) you supply a *luxury car; and (b) the supply is made in the course or furtherance of an *enterprise that you *carry on; and (c) the supply is *connected with the indirect tax zone; and (d) you are *registered, or *required to be registered. (2) However, you do not make a taxable supply of a luxury car if: (a) the *recipient *quotes for the supply of the car; or (b) the car is *more than 2 years old; or (c) you export the car in circumstances where the export is *GST‑free under Subdivision 38‑E of the *GST Act. (3) A *car is more than 2 years old at the time of a supply if: (a) for a car that has not been *imported—the car was manufactured more than 2 years before the time of the supply; or (b) the car was *entered for home consumption more than 2 years before the time of the supply.