How is Luxury Car tax calculated?
The amount of Luxury Car Tax payable on the purchase of a car is dependent on the amount that the car’s price exceeds the Luxury Car Tax threshold ($75,375 for fuel efficient cars or $60,316 for other cars).
Generally, the LCT payable on a car is 33% of the GST-exclusive portion of the car’s price (including GST but excluding government fees and charges such as stamp duty, registration & CTP) exceeding the Luxury Car Tax threshold.
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