Luxury Car Tax (LCT) kicks in when a car’s LCT value exceeds the threshold, and yes, the ATO brought a calculator to the party.
Work out the car’s LCT value (price including GST, dealer delivery and factory-fitted accessories, but excluding rego, CTP and stamp duty), then apply the current threshold: $80,567 for most cars or $91,387 for fuel‑efficient ones (≤7.0 L/100 km) in 2024–25.
The formula is brutally simple: LCT = 33% × (LCT value − relevant threshold), and only the amount above the threshold cops the tax.
Example: if the LCT value is $100,000 and it’s not fuel‑efficient, the LCT is 0.33 × (100,000 − 80,567) ≈ $6,412.89; dealers/importers pay it, but it’s baked into your price like a cheeky surcharge.
If you’re skirting the line, check the latest ATO thresholds before signing anything—numbers move, unlike the dealer espresso machine.
12Food and Catering Equipment
12Food and Catering Equipment
12Food and Catering Equipment
12Food and Catering Equipment
Office Furniture
Office Furniture
Office FurnitureListing your ad only takes a few minutes, and most categories are free.
Post an adA weekly hand-picked round-up of the best bargains, free stuff, and trending listings. No spam, unsubscribe anytime.
Know someone looking to buy or sell something? Send them to Tradingpost, Australia's original marketplace.
