Refunds of Luxury Car Tax : Primary Producers

Tax Law: 23 March 2019

Luxury Car Tax (LCT) of 33% applies to most vehicles over the LCT threshold which is $57,466 for the 2010-11 financial year. If the car is fuel efficient, LCT will not apply unless the car exceeds the fuel efficient car limit which is $75,375 for the 2010-11 financial year.

To be fuel efficient, the car must have a fuel consumption not exceeding 7 litres per 100 km.

Most primary producers and tourist operators can claim refunds of 8/33 of the LCT they have borne, up to a maximum of $3,000. This is the difference between the current LCT rate of 33% and the previous LCT rate of 25%.

Primary producers and Tourism Operators can claim a refund of up to $3,000 for one eligible car purchased or leased in a financial year.

Please note: The information in this article is provided for general information purposes only and does not constitute legal advice. It is not intended to be comprehensive or to apply to any specific circumstances. You should seek independent legal advice before acting on any information contained in this article.