Revisiting Luxury Car Tax Provisions: Full Federal Court Sends Case Back to Tribunal

• Full Federal Court remitted CoT v Patrix Prestige Pty Ltd back to the Tribunal
• Matter involves taxpayer buying luxury cars and on-selling them without including luxury car tax
• Tribunal had incorrect construction of LCT Act sections 9-5 and 15-30
• Tribunal accepted taxpayer’s argument that they could not on-charge LCT
• Matter to be reheard according to law by the Tribunal

Source: taxathand.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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