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- LCT is a tax paid on new and used cars where the total price is more than the Luxury Car Threshold. The tax is computed against the amount that exceeds the threshold limit. The LCT Thresholds may change each financial year, which is currently set at $75,526 for fuel-efficient vehicles and $66,331 for all other vehicles. All car sales price exceeding the thresholds are subject to 33% LCT rate. - Source: Internet
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