Luxury Car Tax Increased21st July 2018
Luxury Car Tax (LCT) has been increased by Federal Government for financial year 2018-19 and now it bumps to $66,331. The $66,331 threshold applies to vehicles that use more than 7.0L/100km on the combined cycle.
Vehicles that use less than 7.0L/100km continue to have the 33% percent levies and the tax continues to be in place, hence consumers are still not happy.
Revised prices have been already announced by Lexus Australia.
Source : Car Advice
Photo Source : onlanka.com