The accuracy of the content is not guaranteed. Please rely only on the authorised document. The Assistant Treasurer, Senator The Hon. Rod Kemp, today announced that the Government will move to ensure that motor homes and campervans are not subject to the Luxury Car Tax (LCT). The Government will also move to clarify the application of the LCT to make it clear the tax does not apply to a range of commercial vehicles that are not principally designed to carry passengers. Consistent with these changes, the Government will also move to amend the A New Tax System (Goods and Services Tax) Act 1999 to ensure that the limit on GST input tax credits that applies to vehicles over the luxury car tax threshold does not apply to motor homes and campervans or commercial vehicles that are not principally designed to carry passengers. The clarification of the treatment of non-passenger commercial vehicles will have no cost against the forward estimates. The changes for motor homes and campervans will cost less than $5 million against the forward estimates for 2000-01. CANBERRA
|
