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Luxury Car Tax

Posted on 08 January, 2018 by Gioele
98 out of 100 based on 539 user ratings -Luxury Car Tax Luxury Car Tax Rates. When the luxury car tax went into law in 1990, it imposed a 10 percent tax rate on the price of a new car with a suggested retail price above ,000.

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Luxury Car Tax

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Australian taxation office. Luxury car tax (LCT) is a tax on cars with a GST-inclusive value above the LCT threshold. LCT is imposed at the rate of 33% on the amount above the luxury car threshold. LCT is paid by businesses that sell or import luxury cars (dealers), and also by individuals who import luxury cars.

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Luxury Car Tax . The Luxury Car Tax (LCT) is a tax within the Australian taxation system, collected by the Australian Taxation Office on behalf of the Australian Government.

2018 Luxury Car Tax Debate

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What is luxury car tax?. A luxury car tax is a tax applied to the purchase of automobiles whose cost exceeds a certain threshold. The idea behind the tax is that if someone is buying a particularly expensive vehicle, they should be able to afford a little bit more in the form of a tax that increases government revenues.

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