Novated Lease and Luxury car

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(Newbie)Newbie

25 Feb 2023

I am working with a Novated Lease company through my employer. I recently got a lease calculation from them and got questions to clarify.

As usual, should lease provide be claiming 100% GST paid on the luxury car or a portion of paid GST ?
Luxury Car Tax - This is charged by dealership and as buyer/employee, I will be paying full amount to dealership. Is this LCT claimable by employee (similar to GST claim) or by employer? If claimable by employer, can paying employee claim back from employer?
Luxury Car Tax Levy/Adjustment - Apart from FBT on usual lease, I see there is Luxury Car Tax Levy/Adjustment in monthly calculations taken from me. I understood this is to adjust employer tax payment based on depreciation/running cost/tax total paid by employer. Is this amount claimable back from ATO by employee on tax return?

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