Download B.c. Luxury Car Tax Pics
Download B.c. Luxury Car Tax Pics. The luxury car tax (lct) is applied on cars above a certain value and is paid by businesses that sell or import luxury cars and individuals who import them. Motorists, smokers and luxury car buyers will feel a strain on their wallets as part of the increases that the province introduced in the 2018 budget.
If luxury car tax hit only the richest one per cent in australia, we'd all be okay with that. Sale price, sale type, and vehicle type. Carfax has put together a useful guide to help you calculate how much car tax you can expect to pay.
You must pay lct when you sell or import a luxury car.
The luxury car tax was first introduced by the howard government in the year 2000 alongside the goods and services tax (gst), and has added more than $5 billion to the government's coffers in the past 10 years. If luxury car tax hit only the richest one per cent in australia, we'd all be okay with that. For authoritative information on the progress of bills and on amendments proposed to them, please see the house of representatives votes and proceedings, and the journals of the senate as available on the. Luxury tax is often applied to very expensive cars and jewelry.
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