Luxury Car threshold update 2022/2023
The new Luxury Car Tax (LCT) threshold for the 2022-2023 financial year is $71,849, up from $69,152 from the previous financial year.
The fuel-efficient LCT threshold also increased from $79,659, to $84,916.
If you import or sell a car with a GST-inclusive value above the LCT thresholds below, you must pay LCT (except in certain circumstances), at a rate of 33%.
Generally 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.
Dealer software or spreadsheets used to calculate the LCT should be updated to reflect these changes.
Luxury Car Tax Thresholds
| Financial year | Fuel-efficient vehicles | Other vehicles |
|---|---|---|
| 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 |
| 2011-12 | $75,375 | $57,466 |
| 2010-11 | $75,375 | $57,466 |
