Currently, the Victorian Luxury Car Tax (LCT) threshold is set to $66,331, however is set to increase to $67,525 in the 2019/2020 financial year. Any vehicles priced above the new threshold will incur LCT stamp duty of $10.40 per $200, up from $8.40 per $200 in the 2018/2019 financial year. Where this further becomes concerning, is that vehicles priced between $100,000 and $150,000 will attract a tax of $14 per $200. Vehicles priced above $150,000 will incur a stamp duty of $18 per $200.
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