Luxury Car Tax Ev. The luxury car tax applies a rate of 33 per cent to the purchase price of a vehicle, above a price threshold of $89,332 for fuel efficient vehicles, or $76,950 for other vehicles in. The expensive car supplement exemption for evs is due to end in 2025.
The election of a new federal government in 2022. Cars with a luxury car tax (lct) value over the lct threshold attract an lct rate of 33%.
What Is The Proposed Luxury Goods Tax?
The federal government imposes a luxury car tax on vehicles that cost more than $76,950, although the tax (30c for every dollar above that level) only applies to so.
Luxury Car Tax (Lct) Has Never Been Payable On The Importation Or Sale Of The Car.
The new electric car road tax changes will affect current and future owners of evs (electric vehicles).
This Amount Will Vary Depending On Your Local Dealer.
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This Amount Will Vary Depending On Your Local Dealer.
There will also be an expensive car tax supplement for electric cars exceeding.
The Following Electric Car Models Now Fall Under The Threshold.
In the context of the federal budget, it’s certainly small change — the tax raises just over $1 billion a year, or 0.2 per cent of the total tax take, and the changes will add only $60 million.