how much is luxury car tax australia

Ah, the infamous Luxury Car Tax (LCT) in Australia—it's the government's way of reminding you that your taste in cars comes with a hefty price. As of now, the LCT rate is 33% on the value of a car above the luxury car tax threshold. For fuel-efficient vehicles, the threshold is around $84,916 AUD, and for others, it’s about $71,849 AUD. So, if your shiny new ride costs $100,000, you'll pay 33% on the amount exceeding the threshold. Remember, this tax is on top of the usual GST and stamp duty. If you're eyeing second-hand luxury wheels, keep in mind LCT generally applies only to new or near-new cars. For more precise numbers and to check current thresholds, consult official ATO documentation or visit CarShowroom and Tradingpost for pricing insights.