Luxury car tax changes from July 1

If you’re in the market for a so called luxury car it may pay to wait until July 1. The Federal Government has changed the thresholds at which luxury car tax applies so you could save up to $1500 by waiting to the new financial year. From July 1 the luxury car tax will apply to fuel efficient vehicles, those using less than 7.0 litres per 100km’s, after $89,332, that threshold representing an increase of $4,415. On other vehicles, it will apply from $76,950, that…