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luxury car tax
The Luxury Car Tax (LCT) is a tax within the Australian taxation system, collected by the Australian Taxation Office on behalf of the Government of Australia. It was introduced under A New Tax System (Luxury Car Tax) Act 1999 by the Howard government., and commenced on 1 July 2000.
Just a short intro - thanks for letting me join. I've had my IM5 about 3 weeks now, I originally wanted the LR version - but refused to pay the govt luxury tax extra of £400 from next year for 5 years - that's on top of the standard £195 it will be next year - so I opted for the standard range...
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