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.