this article has nothing to do with motor vehicle depreciation. To read that topic, click here

The following topic is for: 

  • business owners in the business of selling/importing luxury cars (e.g. car dealers)
  • and/or individuals who import luxury cars


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.

LCT is paid by businesses that sell or import luxury cars (dealers), and also by individuals who import luxury cars.


Last modified: 27 May 2019 QC 38161