Luxury Car Tax Determination
There are new thresholds for luxury car tax effective 1 July 2018.
Luxury Car Tax Determination
What is the luxury car tax threshold and the fuel-efficient car limit for 2018-19 financial year? Click here…
Luxury car tax rate
Cars with a luxury car tax (LCT) value over the LCT threshold attract an LCT rate of 33%.
For LCT rates before 3 October 2008, refer to Luxury car tax rate – previous years
Luxury car tax thresholds
Click here to access a table for LCT thresholds for the relevant financial year – the financial year the car was imported, acquired or sold.
If you buy a car with a GST-inclusive value above these LCT thresholds, you must pay LCT. In general, the value of a car includes the value of any parts, accessories or attachments you supplied, or imported, at the same time as the car.
28 May 2018