Luxury car tax
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A luxury car is a car with a GST-inclusive value above the LCT threshold, which in 2013–14 is:
Under LCT law, a car is a motor-powered road vehicle that is designed to carry both of the following:
Limousines, regardless of the number of passengers they are designed to carry, are also cars under LCT law.
The term ‘car’ doesn’t include:
The LCT threshold is $60,316 for the 2013–14 financial year.
The LCT threshold for fuel-efficient cars (referred to as the 'fuel efficient car limit') is $75,375 for the 2013–14 financial year. For LCT purposes, fuel-efficient cars are cars that have a fuel consumption of seven litres per 100 kilometres or less.
These thresholds are reviewed each financial year and may change.
In general, the value of a car includes the value of any parts, accessories or attachments supplied with the car or imported at the same time as the car.
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