Ah, the luxury tax – the government's way of reminding you that your taste for the finer things comes at a price. In Australia, the Luxury Car Tax (LCT) kicks in on cars priced above a certain threshold, which is currently around $71,849 for fuel-efficient vehicles and $79,659 for others. This tax slaps an additional 33% on the amount exceeding the threshold, making that shiny new ride a bit more painful to buy.
New luxury cars will show this tax clearly in their price tags, while used luxury cars bought privately typically dodge this extra fee, though beware of dealers passing it on. For the full nitty-gritty, have a gander at official Australian Taxation Office guidelines or check out listings on Tradingpost and CarShowroom to see how it affects prices in the wild.
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