Thats because the Toyota Land Cruiser Heritage Edition I recently had the chance to test wears an as-tested sticker price of 893500.

Land cruiser luxury car tax. Luxury car tax LCT is a tax on cars with a GST-inclusive value above the LCT threshold. Some vehicles with a load carrying capacity of less than two tones and can carry both passangers and goods. This threshold is assessed every year and is subject to change.

Luxury car tax rate and thresholds. 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.

LCT is paid by businesses that sell or import luxury cars dealers and also by individuals who import luxury cars. A car is more than two years old at the time of supply if it was manufactured locally or imported more than two years previously. At this latest update 21 December 2019 it is 67525.

Note that if adding options to a car priced under 40000 in its basic form then. This rate is only included in the figures shown below where the basic list price of a car - with no options - exceeds 40000. For that money the cabin of a Land Cruiser seems woefully painfully ill-equipped to take on something like an Audi Q8.

Toyota Land Cruiser company car tax rates for 202122. 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. This is the ultimate expression of luxury and capability.

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. The LCT is charged on the amount over the threshold not the entire price of the car. You also have to pay LCT if youre an individual private buyer who imports a luxury car.