Luxury car tax rate
Cars with a luxury car tax (LCT) value over the LCT threshold attract an LCT rate of 33%. You only pay LCT on the amount that is over the threshold.
For the LCT rate before 3 October 2008, refer to A New Tax System (Luxury Car Tax Imposition – General) Act 1999.
Luxury car tax thresholds
The following table lists the LCT thresholds for the financial year the car was imported, acquired or sold.
If you import or sell a car with a GST-inclusive value above these LCT thresholds, you must pay LCT except in certain circumstances. In general, the LCT value of a car includes the value of any parts, accessories or attachments you supplied, or imported, at the same time as the car.
From 1 July 2025, as part of the Treasury Laws Amendment (Tax Incentives and Integrity) Act 2025External Link, which amended A New Tax System (Luxury Car Tax) Act 1999:
- the definition of a fuel-efficient vehicle will change
- indexation rates applying to the thresholds for fuel-efficient vehicles and other vehicles will be aligned.
|
Financial year |
Fuel-efficient vehicles |
Other vehicles |
|---|---|---|
|
2024–25 |
$91,387 |
$80,567 |
|
2023–24 |
$89,332 |
$76,950 |
|
2022–23 |
$84,916 |
$71,849 |
|
2021–22 |
$79,659 |
$69,152 |
|
2020–21 |
$77,565 |
$68,740 |
|
2019–20 |
$75,526 |
$67,525 |
|
2018–19 |
$75,526 |
$66,331 |
|
2017–18 |
$75,526 |
$65,094 |
|
2016–17 |
$75,526 |
$64,132 |
|
2015–16 |
$75,375 |
$63,184 |
|
2014–15 |
$75,375 |
$61,884 |
|
2013–14 |
$75,375 |
$60,316 |
|
2012–13 |
$75,375 |
$59,133 |
The indexation factor for the 2024–25 financial year for:
- fuel-efficient vehicles is 1.023
- other vehicles is 1.047.
Find out what defines a fuel-efficient car prior to, and from, 1 July 2025.