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Luxury Car Tax...thoughts ?

n/aTurbo

By n/aTurbo,
in General Automotive Discussion

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n/aTurbo Community Regular

n/aTurbo

Posted
Posted

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.

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https://www.sau.com.au/forums/topic/237418-luxury-car-taxthoughts/
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scathing Grand Master

scathing

Posted
Posted

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?

n/aTurbo Community Regular

n/aTurbo

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

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.

Shaolin242 Collaborator

Shaolin242

Posted
Posted

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 Veteran

Astro Bear

Posted
Posted

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.

dazmo Proficient

dazmo

Posted
Posted

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.

HEKT1K Grand Master

HEKT1K

Posted
Posted

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 Grand Master

scathing

Posted
Posted
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 Rising Star

WRRR

Posted
Posted

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 Grand Master

scathing

Posted
Posted
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.

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