luxury car tax threshold 2022

Luxury Car Tax in Australia kicks in when your shiny new chariot crosses certain thresholds—because apparently opulence needs a chaperone. For the 2022–23 financial year, the thresholds were AUD $84,916 (fuel‑efficient vehicles) and AUD $71,849 (other vehicles). For the 2021–22 financial year, they were AUD $79,659 (fuel‑efficient) and AUD $69,152 (other). LCT is generally 33% on the portion of the GST‑inclusive price above the threshold (excludes rego, stamp duty, and insurance). Thresholds change annually, so check the latest figures before the dealer hands you a pen. Consult official documentation for exact figures.