Luxury Car Tax threshold increased, new-car buyers could save thousands

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The Federal Government’s latest Luxury Car Tax threshold increase could result in savings between $1325 and $1530 for new-car buyers in Australia.


Some of the largest increases to the Luxury Car Tax (LCT) threshold in more than a decade have been announced – saving buyers of certain new cars up to $1530 – before stamp duty charges are also applied.

For the 2023-24 financial year (from July 1), the LCT threshold is set to go up by 7.1 per cent for vehicles with…

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