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Completing the luxury car tax LCT labels. Show you how much Luxury Car Tax is payable on a vehicle as added to a cars price by a dealership to determine the sale price. Itp Income Tax Professionals There Have Been Recent Changes Made To The Luxury Car Tax Lct That Affect All Luxury Cars In Australia What Are The Luxury Car Tax Changes Despite its name the luxury car tax applied to all cars that were eligible because of. Luxury car tax . You have to pay an extra 325 a year if you have a car or motorhome with a list price the published price before any discounts of more than 40000. The luxury car tax is specifically applied to imported vehicles over a certain price threshold. It was first introduced on the 1st of July 2000 in conjunction with the removal of sales tax and the introduction of the Goods and Services Tax GST. You also have to pay LCT if youre an individual private buyer who imports a luxury car. This threshold is assessed every year and is subject to change. Aut