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NSW opposition plans to slug car buyers with the highest stamp duty in Australia

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NSW opposition plans to slug car buyers with the highest stamp duty in Australia

NSW Labor leader Michael Daley plans to increase stamp duty to the highest rate in the nation – to 7 per cent on vehicles priced above $100,000. This would be in addition to the 33 per cent Luxury Car Tax and 10 per cent GST already levied on cars in this price range...

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Exclusive: Toyota customers pay more luxury car tax than owners of Porsche, Ferrari, Lamborghini, Maserati, Rolls-Royce, Bentley – and Audi, BMW and Lexus
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Exclusive: Toyota customers pay more luxury car tax than owners of Porsche, Ferrari, Lamborghini, Maserati, Rolls-Royce, Bentley – and Audi, BMW and Lexus

EXCLUSIVE Toyota customers are paying more Luxury Car Tax than buyers of most prestige brands, prompting renewed calls to scrap the 33 per cent levy on vehicles priced above the $66,331 threshold. Luxury Car Tax has reaped the Federal Government more than $5 billion over the past decade – including more than $695 million in the last financial year alone...


Audi ‘convinced’ luxury car tax will go, delayed by Brexit
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Audi ‘convinced’ luxury car tax will go, delayed by Brexit

Audi Australia is convinced the luxury car tax (LCT) will be removed in the near future, as the Australian Government and European Union continue to hash out a free-trade agreement – but the changes remain delayed until the fallout Britain’s European Union exit is complete. The LCT is a 33 percent tax on cars costing over $66,531 with fuel usage over 7...


Luxury Car Tax threshold increased for FY19
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Luxury Car Tax threshold increased for FY19

The Federal Government has increased the Luxury Car Tax (LCT) threshold for the 2018-19 Financial Year, bumping it to $66,331. An increase of $1237 on the 2017-18 value, the $66,331 threshold applies to vehicles that use more than 7.0L/100km on the combined cycle. Vehicles categorised as 'fuel efficient' – that use less than 7...


CarAdvice podcast 104: Formula E 'awful and so freaking slow'
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CarAdvice podcast 104: Formula E 'awful and so freaking slow'

In the studio this week with Mandy Turner are Mike Costello and Kez Casey. In car news, pricing and specs for the 2019 Ford Ranger and 2018 Alfa Romeo Stelvio TI have been announced, along with leaked details about the Renault Megane RS. Plus, Audi Australia is focusing on sustainability instead of volume, specs for the Tesla Model 3 Performance have been revealed, and the Chrysler 300 SRT Core and BMW 530D have joined the NSW Highway Patrol fleet...


Senator calls to end "punishing" new car taxes
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Senator calls to end "punishing" new car taxes

Controversial senator David Leyonhjelm has called for the Federal Government to end "punishing layers of taxation" making new cars more expensive. The Liberal Democrats Senator argues the five per cent import tariffs on cars from nations without an Australian free-trade agreement, along with the 33 per cent luxury car tax (LCT) on vehicles over $65,000, keep buyers out of new cars with the latest safety equipment...


Luxury Car Tax gone by 2019: Mercedes-Benz
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Luxury Car Tax gone by 2019: Mercedes-Benz

Mercedes-Benz Australia believes that the current framework for a free-trade agreement with the European Union (EU) will finally see the disbanding of the 33 per cent Luxury Car Tax (LCT), starting in 2019. Speaking to CarAdvice in Germany, brand’s Australian head of communication, David McCarthy, said there is a general belief that it's just a matter of time before the tax is nixed...


CarAdvice News Desk: The weekly wrap for January 20, 2017
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CarAdvice News Desk: The weekly wrap for January 20, 2017

Welcome to the CarAdvice.com News Desk, a regular video wrap of the latest happenings in the automotive world and Australia's new-car market. Keeping you in the loop, Tegan Lawson presents a weekly video from the CarAdvice Garage, with everything you need to know about the week in news and reviews...


Peak body wants 'foolish' car import duty axed
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Peak body wants 'foolish' car import duty axed

The chief executive of lobby group and peak body for car companies in Australia has called on the federal government to scrap not just the luxury car tax (LCT), but also the five per cent import duty affecting some vehicles...


CarAdvice News Desk: the weekly wrap for July 8
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CarAdvice News Desk: the weekly wrap for July 8

Welcome to the CarAdvice.com News Desk, a regular video wrap of the latest happenings in the automotive world and Australia's new-car market. Keeping you in the loop, Tegan Lawson presents a weekly video from the CarAdvice Garage, with everything you need to know about the week in news and reviews...


Toyota and Lexus reduce pricing on models affected by Luxury Car Tax
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Toyota and Lexus reduce pricing on models affected by Luxury Car Tax

Toyota and its premium marque Lexus have moved again to head-off the impact of Australia's Luxury Car Tax (LCT) by cutting prices on a number of models to keep them below the newly raised threshold. Growing in-line with inflation, the LCT threshold rose by $948 last week to $64,312, while the threshold on vehicles listing fuel consumption below 7...


Audi Australia: LCT issues not a hard fix, parallel imports a risk to local market
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Audi Australia: LCT issues not a hard fix, parallel imports a risk to local market

The boss of Audi Australia says that fixing the situation with Australia’s luxury car tax (LCT) is ‘not that hard’ and that he remains an optimist for the future - but the issue of parallel imports remains a big concern...


"Ludicrous car tax" needs to go: Mercedes-Benz Australia
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"Ludicrous car tax" needs to go: Mercedes-Benz Australia

Mercedes-Benz Australia has spoken out on the government's persistence with its 33 per cent Luxury Car Tax (LCT), calling it the "ludicrous car tax". The comments come from David McCarthy, Mercedes-Benz Australia's senior manager of public relations, product and corporate communications, as the 2016 Mercedes-AMG A45 becomes the latest model to hit the LCT threshold...


Luxury car tax: Four things you might not know
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Luxury car tax: Four things you might not know

Every know and then, a figure from automotive industry pops up to decry the luxury car tax (LCT) and call for its abolition. If you’ve ever wondered what the LCT is, how it's calculated, if it’s avoidable or why we have it, this feature is for you. What is it? Technically LCT is levied on the person selling the car, but the dealer will invariably passes this cost on to the buyer...


Luxury Car Tax "unfair", says Audi
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Luxury Car Tax "unfair", says Audi

Updated 09/07/2015: Further clarification around luxury car tax thresholds and percentages was added in below. The Luxury Car Tax (LCT) is "absolutely an unfair tax", says Audi general manager of corporate communications Anna Burgdorf. The LCT, which was implemented in Australia on July 1, 2000, was designed to protect the local car industry and slug buyers of 'luxury cars' with a 25...


More brands passing new Luxury Car Tax savings on to buyers
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More brands passing new Luxury Car Tax savings on to buyers

Buyers shopping at the premium end of the new car market will hang onto a little extra pocket money from this week, with BMW, Audi, Mercedes-Benz, Jaguar, Land Rover, Lexus and Porsche all moving to pass new savings onto customers. Away from the prestige marques, overall market leader Toyota has announced that it too will treat its customers to the same benefits, available on a number of its large family cars...


Porsche passes LCT savings to customers with reduced pricing - UPDATE
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Porsche passes LCT savings to customers with reduced pricing - UPDATE

Porsche has handed down new savings to Australian buyers this week, following the release of its 2016 model year pricing in May. While that earlier update introduced new standard features and higher pricing across the range, the new reduced prices announced today are thanks to changes made to the Luxury Car Tax (LCT) this week...


Productivity Commission calls on government to scrap luxury car tax
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Productivity Commission calls on government to scrap luxury car tax

The Productivity Commission has called on the Federal Government to consider scrapping the luxury car tax (LCT). In its final report on the Australian automotive manufacturing industry, the Productivity Commission labels the LCT “arbitrary in its effect” and “a higher-cost and less efficient method of raising revenue than more broadly based taxes”...


Australian car brands split on decision to pass on Luxury Car Tax savings
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Australian car brands split on decision to pass on Luxury Car Tax savings

Australia’s automotive brands are split in their decisions on whether to pass on the savings created by changes to the Luxury Car Tax (LCT) this week. The Australian Tax Office announced a $1568 increase to the LCT threshold from July 1, which sees the threshold rise to $61,884. (There has been no change to the threshold for ‘fuel-efficient cars’, which remains unchanged at $75,375)...


Rolls-Royce: taxes to blame for high China prices
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Rolls-Royce: taxes to blame for high China prices

Rolls-Royce Motor Cars has pointed to China's high taxes on luxury goods for the elevated price tags on its cars in what is now the world's largest automotive market. The luxury British car maker claims that despite the added expense for Chinese customers, it is only maintaining the same profit it makes in other countries...