Car Finance and Car Loans

Luxury Car Tax does not apply to your car finance when you buy a car above the LCT threshold if:
* it was sold by a retail sale in Australia before 1 July 2000
* it was imported into Australia before 1 July 2000 and nobody was entitled to [...]

The Australian Taxation Office (ATO) has confirmed that legislation in relation to the increased LCT rate of 33% for new cars will not be passed by 30 June 2008. However, the government has confirmed that the new rate will be made retrospective and become applicable from 1 July 2008.