LCT system in Australia

LCT is a tax of 33% on luxury cars sold or imported where the value of a car exceeds the luxury car threshold.

LCT only applies to the amount above the luxury car threshold, which for 2013–14 was $75,375 for fuel-efficient cars and $60,316 for other vehicles.

There are around 1,700 taxpayers who are registered to pay luxury car tax and total collections were $467 million in 2013–14.

    Last modified: 05 Nov 2015QC 47163