Some vehicles with a load carrying capacity of less than two tones and can carry both passangers and goods.

Land cruiser luxury car tax. TOYOTA Land Cruiser car tax - or Vehicle Excise Duty VED - is based on bands that relate to the models official CO2 emissions and purchase price. The 200 Series LandCruiser range all comes above the luxury car tax threshold meaning that the 88541 sticker price for our GXL translates into just under 100 grand when you add the taxes and on-road costs. Hi My understanding is that under exempt vehicels for LCT it includes.

Thats because the Toyota Land Cruiser Heritage Edition I recently had the chance to test wears an as-tested sticker price of 893500. The LCT threshold for the 2020-21 financial year is 77565 for fuel efficient vehicles and 68740 for other vehicles. When buying a new TOYOTA Land Cruiser selecting a model with lower CO2 emissions will therefore not only reduce the first year rate but it will also result in lower fuel bills and less impact on the environment.

MORE Luxury Car Tax in the crosshairs as trade talks near That seems pretty simple. LCT would apply to the purchase unless the GST-inclusive value is below the relevant threshold or an exclusion applies please see When LCT doesnt apply. Luxury car tax rate and thresholds.

So if youre buying a car that drinks 9L100km for 72000 the LCT applies to the 4475 over the 67525 threshold. Luxury car tax LCT is a tax of 33 on luxury cars sold or imported where the value of a car exceeds the luxury car threshold. This rate is only included in the figures shown below where the basic list price of a car - with no options - exceeds 40000.

LCT only applies to the amount above the luxury car threshold. From April 1 2017 if a cars total list price including any factory-fitted options exceeds 40000 an additional rate of 325 per year is paid in the first five years that its road tax is renewed. LCT is currently a 33 tax on the amount over a specified car price and was introduced to discourage customers from flocking to imported cars.

Luxury car tax LCT is a tax on cars with a GST-inclusive value above the LCT threshold. The NSW Labor Party was planning a 7 per cent luxury car tax in NSW on vehicles over 100000 and faced a fierce backlash from rural groups and farmers because Landcruisers would be hit. At this latest update 21 December 2019 it is 67525.