Australia’s 33% Luxury Car Tax (LCT) might finally face the axe as part of revitalized EU–Australia trade negotiations. This decades‑old tax, which hits vehicles priced above $80,567 (or $91,387 for low‑emission models), has outlived its original purpose of protecting domestic manufacturers that stopped production back in 2017. Tax Origins and Current Impact The LCT was born in July 2001, slapping a 33% levy on cars exceeding set price thresholds. Initially designed as a protective measure for premium Holden and Ford models against imported competitors, the tax now affects many mainstream family SUVs including Toyota Prados, Hyundai Paladises, and Nissan Patrols. … Continue reading Luxury Car Tax Facing Axe in EU Trade Deal, Could Save Buyers $6,000 on $100K SUVs