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  • Luxury car tax gap

    This information is about our estimate of the luxury car tax (LCT) gap. This gap forms a part of our overall tax performance program.

    The LCT gap population comprises:

    • entities (businesses) which are required to register and lodge returns for LCT and goods and services tax (GST)
    • a small number of private importers of luxury cars, who are typically individuals purchasing cars for private usage.

    For the 2018–19 financial year, we estimate a net LCT gap of 9.0% or $66 million. In other words, around 91% of the total theoretical tax was paid for that year.

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      Last modified: 19 Oct 2021QC 64036