Toyota Passes-On Luxury Car Tax Savings, Renews Calls For LCT To Be Abolished

Toyota Australia has passed on the savings from a higher Luxury Car Tax threshold, put in place from the beginning of the new financial year on July 1st.

The changes to the LCT see the threshold raised in line with inflation to apply to vehicles priced above $64,132, a step up of $948 over the previous year.

Vehicles using less than 7.0 l/100km of fuel fall under a separate tax regime, with LCT applied from a $75,526 threshold, raised for the first time in six years by $151 

Savings