Luxury Car Tax Thresholds 2024-2025

Commencing 1 July 2024, the ATO have announced the LCT thresholds for the financial year the car was imported, acquired or sold.

If you import or sell a car with a GST-inclusive value above these LCT thresholds, you must pay LCT except in certain circumstances. In general, the LCT value of a car includes the value of any parts, accessories or attachments you supplied, or imported, at the same time as the car.

LCT thresholds
Financial year Fuel efficient vehicles Other vehicles
2024–25 $91,387 $80,567
2023–24 $89,332 $76,950

The indexation factor for the 2024–25 financial year is:

  • fuel-efficient vehicles – 1.023
  • other vehicles – 1.047

A fuel efficient car is defined as having fuel consumption that does not exceed 7 litres per 100 kilometres as a combined rating under the vehicle standards in force under section 12 of the Road Vehicle Standards Act 2018.

Further information about the application and calculation of LCT can be found on the ATO website.