This rate is only included in the figures shown below where the basic list price of a car - with no options - exceeds 40000.

Land cruiser luxury car tax. 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. Thats because the Toyota Land Cruiser Heritage Edition I recently had the chance to test wears an as-tested sticker price of 893500. LCT is imposed at the rate of 33 on the amount above the luxury car threshold.

This threshold is assessed every year and is subject to change. LCT is imposed at the rate of 33 per cent on the amount above the luxury car threshold which stands at. Hi My understanding is that under exempt vehicels for LCT it includes.

Toyota Land Cruiser company car tax rates for 202122. In 2018 about 46000 Toyota customers paid the luxury car tax on vehicles including LandCruisers Prados and Klugers. The 2021 Land Cruiser makes an impression wherever it goes with its legendary off-road prowess and bold exterior details.

They mean hefty road tax bills for company users. So if youre buying a car that drinks 9L100km for 72000 the LCT applies to the 4475 over the 67525 threshold. The luxury car tax is specifically applied to imported vehicles over a certain price threshold.

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. 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. After they saw the price tag their eyes would roll so hard theyd touch their brain.

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. At the time it replaced the complicated Wholesale Sales Tax which levied as much as 45 on imported cars among other things. Some vehicles with a load carrying capacity of less than two tones and can carry both passangers and goods.