FAQ: How much Luxury Car Tax (LCT) do I have to pay?
How much Luxury Car Tax (LCT) do I have to pay?
The exact amount of Luxury Car Tax (LCT) you pay is determined by the amount that the car's purchase price exceeds the Luxury Car Tax threshold, or, in the case of a fuel-efficient "green" car, the fuel-efficient "green" car limit.
Where LCT is payable, it amounts to 33% of the portion of the purchase price (less GST) that exceeds the applicable limit or threshold.
Read our Luxury Car Tax Explained article or use our Luxury Car Tax Calculator to find out more about how much LCT you will paying on your new vehicle.
Please note that this information is of a general nature only. You should consult an accountant to obtain information specific to your situation.
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