Luxury car tax rate and thresholds

News Tax & Compliance Guidance

Date: 31st Mar, 2025 Source: Australian Taxation Office (ATO) Country: Australia Original Source

Brief

On 31/03/2025, the Australian Taxation Office (ATO) issued an update regarding Luxury car tax rate and thresholds. The luxury car tax (LCT) rate remains at 33% for vehicles with a value over the LCT threshold, which varies by financial year, with thresholds of $91,387 for fuel-efficient vehicles and $80,567 for other vehicles in the 2024-25 financial year.

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Australian Taxation Office (ATO)

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Luxury car tax rate and thresholds

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Luxury car tax rate and thresholds

Brief

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