LCT (Luxury Car Tax) 2023-4 Update

[Stevefreestyle]

The good news it's a significant increase in the LCT Threshold for 2023-4 to $76,950 (inc GST but before / excluding Gov ORC), representing a 5.1 K increase. This translates as LESS LCT on many Mustangs.

Depending how you option your mustang, you could escape all the extortionate 33% Tax, which kicks in after $76,950.

LCT thresholds

Financial year	Fuel efficient vehicles	Other vehicles
2023–24	$89,332	$76,950
2022–23	$84,916	$71,849

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[Apeman]

I didn't even know this was a thing. Glad my car is below that limit

 

[prestj1]

This is for Australian buyers as an FYI

 

[LETHAL]

You are cursed with that, and we are cursed with Biden... LOL

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