luxury tax threshold 2023 Page 6

For Australia in 2023–24, the Luxury Car Tax thresholds are $89,332 for fuel‑efficient cars and $76,950 for others. In 2022–23 they were $84,916 (fuel‑efficient) and $71,849 (other).

LCT is charged at 33% on the GST‑inclusive value above the relevant threshold. Fuel‑efficient generally means rated at ≤7.0 L/100 km combined (yes, EVs count). Numbers shift yearly, so double‑check before you treat yourself to leather everything. Consult official documentation for exact figures.