ATO ups LCT thresholds by a record amount for the new financial year, potentially saving buyers thousands
The federal government will raise its luxury car tax (LCT) thresholds from July, potentially saving many Australians thousands on the purchase of new vehicles priced over about $75,000.
As part of the Albanese government’s 2023-2024 federal budget, from July 1 the standard LCT threshold will be raised from $71,849 to…
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