Luxury Car Tax Increased

Luxury Car Tax Increased

21st July 2018 0 By carsfirst

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

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