qld luxury car tax

Ah, the luxury car tax (LCT) in Queensland—because owning a fancy car isn't quite extravagant enough without a little tax garnish. In Australia, including Queensland, the LCT applies to cars with a value above a certain threshold, currently $71,849 AUD for fuel-efficient vehicles and $84,916 AUD for other vehicles (figures for 2024). The tax is an additional 33% on the value above this threshold, so if your shiny ride costs $100k, you’re paying LCT on about $15k to $28k of that.

Queensland doesn’t have its own separate luxury car tax; it follows the federal rules. So, whether you’re hunting for bargains on Tradingpost or drooling over listings on CarShowroom, factor in the LCT to avoid sticker shock. And remember, some vehicles qualify for exemptions or reduced thresholds, so check official Australian Taxation Office docs for the full spiel.