Pay Luxury Car Tax (LCT) on vehicles above threshold
LCT at 33% on the GST-inclusive value of luxury cars above LCT threshold.
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Who must comply
Importers + dealers + business buyers above threshold.
What triggers it
Importing/selling/leasing a luxury car.
When due
Per BAS.
Evidence required
LCT calculations; vehicle valuation; fuel-efficient eligibility evidence.
Max penalty
Shortfall penalties + interest
Summary
A New Tax System (Luxury Car Tax) Act 1999. LCT 33% on portion above LCT threshold. FY26 thresholds: $91,387 (fuel-efficient vehicles); $80,567 (other cars). Reported via BAS.
Enforced by
Topics
taxlct
Source: https://ato.gov.au/businesses-and-organisations/gst-excise-and-indirect-taxes/luxury-car-tax. Rules Mate is not a law firm. Always verify against the live regulator source before acting.