Luxury Car Tax...thoughts ?

[n/aTurbo]

Well its been announced and the bill has finally passed. The luxury car tax is now in effect. People will have to pay 33% tax on the price of a car above $57,180.

What are peoples thoughts about this?

Myself, i don't mind it at the moment but im sure it will effect me in the future so its a no-no from me.

[scathing]

Bugger that shit.

Typical f**king idiots trying to sting the "rich", and make cars with more safety features less affordable.

Those with higher incomes already sit in a higher tax bracket than those earning less. Why should they have to also pay extra tax to buy a nicer car as well?

[HomeDawwg]

33%, fark that. Just have to wait until i can get a nice Vspec 2 for less than 57k then

Edited September 24, 2008 by HomeDawwg

[Bliksem]

150,000 + 33%

Does this mean the new R35 GTR will be near $200,000 when its released in Aus??

[babyskyline]

33% is a load of sh*t in my books.

You just cant get ahead in this world

[gfunkk]

maaan there are some idiots running the place

better idea would be high pollution veichles e.g. 7L v8's should have 33%

[MP_R33]

its complete and utter bs, just because you have enough money to get one doesnt mean you should have to pay a higher tax!

[n/aTurbo]

33%, fark that. Just have to wait until i can get a nice Vspec 2 for less than 57k then

ahh true that. Thats what im planning to do. Just wait for prices to come down.. now way im willing to pay an extra 15-20k just in tax.

[n/aTurbo]

150,000 + 33%

Does this mean the new R35 GTR will be near $200,000 when its released in Aus??

unfortunatly i do beleive so. Whatever the base price is, add 33% then you can take it home.

[n/aTurbo]

all information can be found on here. just went over it quickly and it doesn't look good if you want to import aswell.

http://www.ato.gov.au/print.asp?doc=/Content/13288.htm

[Shaolin242]

theyre just trying to direct you all to buying home grown affordable cars...

its ridiculous tho..33% is just amazingly huge on top of salary tax as well. The income tax thing is ridiculous - its almost as if they penalise you for working harder and wanting to better your life...

[Astro Bear]

Its called a labor government. Ooooooooooh, I went there.

Just for the record, I'm no neoliberal, but at the same time, people who work hard and earn more deserve to be rewarded for doing so. I work two jobs and get taxed a ridiculous amount on my second job, so much so that it almost isn't worth doing it.

When I was 15 I worked every saturday and sunday at a fast food establishment and made $80 for it. Some of my friends use to be on "youth allowance" and made the same amount as me, yet never had a job until they were 19 and 20, and it use to drive me up the wall knowing that I was working hard to pay for them to enjoy themselves. The funny thing is that those friends of mine were always the ones that had the best phones/clothes/ tv's/ foxtel etc. I'm not saying that youth allowance is a bad thing, but its needs to be regulated and given only to those in certain circumstances and those who are particularly needy.

Still annoys me to this day. Sorry for the rant and going off topic. Just some food for thought.

[INVRTD]

yeah i dislike the tax, its another way to redistribute wealth, and cover the budget deficiet labour will eventually get us into, hopefully we swap governments when i want to buy the next ride

[dazmo]

This is bullsh*t $57 000.00 does not buy you a luxury car these days. What a load just a blatent tax grab just like the alco pop tax. WTF is up with this stupid government at least we should only have 3 more years of stupidity to put up with.

[VB-]

it only costs like $110 to to become an lmct i think it is, and if you are, means LCT doesnt apply to you

*info is old and may be different now, heard about this a few years ago

[HEKT1K]

so that's, what, 12 against it and zero for it. with that kind of majority [albeit, with tiny sample size and a biased, car-loving group of people], how the F*^K did Australia vote in Rudd the dud?

+1 for blatant money grab / load of bullshit etc etc. That's Labor for you. Yes i went there as well.

Side note - does this apply to 2nd hand cars too? Whether privately or through a dealer.

Ric

[scathing]

does this apply to 2nd hand cars too? Whether privately or through a dealer.

There are a number of cases where Luxury Car Tax does not apply on vehicle purchases over $57,123:

* if the vehicle was sold or imported prior to 1st July 2000

* if the car is supplied over two years following the local build date or, if imported, the vehicle compliance date.

* if the vehicle is supplied by private sale

So in other words, it only applies to reasonably new cars sold by a dealer.

[WRRR]

Guys. Don't panic the LCT has been around for donkey's years. It was intoduced by the Frazer (Lib) Government in 1979.

It has recently been at 25% and now is going to 33%. Your R35 GTR @ $150k dealer price will now be around $154,600 not $200k. Dealer price - 25% old LCT = $117,500 base, now add 33% new LCT means $154,600.

Not saying I agree with it as the btards rarely raise the threshold. So like personal income tax you effectively get bracket creep. $57k today doesn't buy what it used to.

I personally believe I /we pay more than enough income tax, gst, etc to support the fat beaurocrats and welfare system if only it was run a bit more efficiently.

But I guess if it shat me off badly enough I could always vote with my feet and live somewhere else.

[scathing]

It has recently been at 25% and now is going to 33%. Your R35 GTR @ $150k dealer price will now be around $154,600 not $200k. Dealer price - 25% old LCT = $117,500 base, now add 33% new LCT means $154,600.

The RRP advertised never includes LCT. Its calculated after a price for the vehicle is agreed between the dealer and the customer.

If the GT-R is a round $150K RRP and that's what you agree to "pay" for it, with the old LCT it would have cost $187K + dealer & onroad. With the new, it would be $199K + dealer & onroad.

I could think of plenty of things to do with $12K that don't involve giving arse-face a car and driver for the rest of his undeserved life.

[SHANE666]

like capital gains tax.....the luxury car tax is a bloody joke.

taxing people for working hard and wanting to live the good life.

this country is for bludgers.