lct threshold calculator

After an LCT threshold calculator? Here’s the quick math for Australia.

For 2024–25 the thresholds are $80,567 (other vehicles) and $91,387 (fuel‑efficient, ≤7.0 L/100 km), with an LCT rate of 33%.

LCT applies to the portion of the car’s LCT value (price including GST and dealer delivery, excluding rego/CTP/stamp duty) above the relevant threshold.

Example: non‑fuel‑efficient car with LCT value $95,000 → LCT on $14,433 = about $4,763.

If it qualifies as fuel‑efficient, no LCT would apply at that price.

Accessories fitted at delivery count; trade‑ins don’t reduce the LCT value, and dealers usually bake LCT into the drive‑away price.

For precise rules and updates, check the ATO or your accountant.