Luxury Car Tax Loophole in Australia.
The Luxury Car Tax is one of the most controversial topics in the car industry, and has been since it was introduced way back in 2000. It is, in simple terms, an additional tax that car buyers are forced to pay when they purchase a new vehicle over a price point the government, or at least someone at the ATO, deems is a luxury.
At the time of publication (early 2024), the current 2023-24 threshold is set at $76,950 and $89,332 for fuel…
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