Luxury Car Tax Refund for Primary Producers - Is it assessable?

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(Initiate)Initiate

11 Jan 2022

With the following facts, is an amount of luxury car tax refunded to a primary producer assessable as income?

a primary producer purchases an eligible car and claims luxury car tax refund
vehicle is depreciated using temp full expensing up to the car cost limit, with balance not depreciable.

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ATO Certified Response

(Community Support)Community Support

ATO Certified Response

13 Jan 2022

The refund isn't classed as assessable income. Include things like sales and foreign income in your assessable income.

We've some fantastic information on our web site that talks about what to include in your businesse's assessable income.

Most helpful reply

ATO Certified Response

(Community Support)Community Support

ATO Certified Response

13 Jan 2022

The refund isn't classed as assessable income. Include things like sales and foreign income in your assessable income.

We've some fantastic information on our web site that talks about what to include in your businesse's assessable income.

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