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Luxury car tax. Luxury car tax (LCT) is a tax on cars with a GST-inclusive value above the LCT threshold. LCT is imposed at the rate of 33% on the amount above the luxury car threshold.
Luxury car tax rate and thresholds Luxury car tax rate. Cars with a luxury car tax (LCT) value over the LCT threshold attract an LCT rate of 33%.. For LCT rates before 3 October 2008, refer to Luxury car tax rate – previous years.. Luxury car tax thresholds. The following table lists the LCT thresholds for the relevant financial year – the financial year the car was imported, acquired or sold.
A luxury tax is a tax on luxury goods: products not considered essential.A luxury tax may be modeled after a sales tax or VAT, charged as a percentage on all items of particular classes, except that it mainly affects the wealthy because the wealthy are the most likely to buy luxuries such as expensive cars, jewelry, etc.It may also be applied only to purchases over a certain amount; for ...
What does this Luxury Car Tax (LCT) Calculator do? Luxury Car Tax (LCT) is a tax charged when you buy a vehicle that meets a set of "luxury car" criteria.
A compact executive car is a premium car smaller than an executive car.In European classification, compact executive cars are part of the D-segment.In North American terms, close equivalents are "compact premium car", "compact luxury car", "entry-level luxury car" and "near-luxury car".
Drive through the nicer parts of Los Angeles and see all the late model luxury vehicles. Mainly expensive Mercedes, BMW's, Audis, Bentleys, and big SUV's. Most are leased because of a loophole in ...
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With seven seats standard, the XC90 accommodates all your passengers in luxury and comfort. The driver and passenger seats are available with massage and ventilation functions, while the second and third rows are raised above the ones in front – like the seats in a theater – to give their occupants a better view ahead.
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