The Luxury Car Tax (LCT) threshold on imported cars has been raised on regular cars for the 2018 / 19 financial year – but oddly NOT for fuel-efficient vehicles.
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In fact, the LCT threshold for fuel-efficient vehicles has only been lifted $526 between 2010 to 2018 as can be seen in the following table.
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The threshold for all other vehicles has been lifted by $9,151 over the same period, with the 2018 / 19 threshold lift resulting in a saving of about $400 per vehicle.
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This doesn’t appear to make much sense considering the myriad of looming issues associated with climate change.
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We believe the LCT threshold on fuel efficient vehicles should be lifted by as much, if not more than, the threshold on all other vehicles.
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This is a time when fuel efficient vehicles should be actively encouraged by the Government using all available methods.
