luxury car tax threshold victoria

Good news: the Luxury Car Tax is federal, so in Victoria it’s exactly the same as everywhere else in Australia. For 2024–25 the thresholds are $91,387 for fuel‑efficient vehicles and $80,567 for all others. LCT is charged at 33% on the portion of the car’s GST‑inclusive value above the relevant threshold (after a few exclusions and dealer-delivery gymnastics). EVs and other models rated at or below 7.0 L/100 km count as “fuel‑efficient” for this purpose. It’s a joyless tax, but at least it’s predictable—run the numbers with your dealer or accountant before you sign. Consult official documentation for exact figures.