Which cars incur a Luxury Car Tax?
In addition to meeting the luxury car tax threshold, luxury car tax is only charged on: – New and demonstrator vehicles less than two years old that are sold by dealers. Private sales of used cars do not incur a Luxury Car Tax. – Private vehicles. Commercial cars do not incur a luxury car tax and vehicles that have been specially fitted to carry disabled passengers are also exempt. How much is the Luxury Car Tax and are there any exceptions? From 1 July 2008, the Luxury Car Tax was increased to 33% on the amount over the threshold. However, Treasurer Wayne Swan also announced that a number of concessions would be made for certain types of vehicles. These include: Fuel Efficient Vehicles – a special fuel efficient limit was established to promote the sale of more fuel efficient vehicles. Cars with a fuel consumption of less than 7.0L/100 km will only incur a luxury car tax on the amount exceeding $75,000. So some luxury cars that meet the fuel efficient limit, such as the new Jaguar X-T