Article:

ATO Update - Luxury Car Tax Threshold effective 1 July 2019

03 July 2019

Recently the Australian Tax Office (ATO) revised the Luxury Car Tax (LCT) threshold effective 1 July 2019. Key things to note: 

  • The new LCT threshold for the 2019-20 financial year is $67,525 (up from $66,331 that applied for the 2018-19 financial year)
  • For fuel-efficient vehicles the LCT threshold for the 2019-20 financial year remains the same at $75,526
  • Dealer software and spreadsheets used to calculate the LCT should be updated to reflect this change.

For your information, the following table shows the Luxury Car Threshold over the last 10 years.

Financial year Fuel-efficient vehicles Other vehicles
2019–20 $75,526 $67,525
2018–19 $75,526 $66,331
2017–18 $75,526 $65,094
2016–17 $75,526 $64,132
2015–16 $75,375 $63,184
2014–15 $75,375 $61,884
2013–14 $75,375 $60,316
2012–13 $75,375 $59,133
2011–12 $75,375 $57,466
2010–11 $75,375 $57,466
2009–10 $75,000 $57,180

If you have any queries or would like to discuss further please contact the BDO Automotive team.