Mercedes-Benz, BMW, and other prestige vehicles could get cheaper as Luxury Car Tax faces the axe

The controversial Luxury Car Tax could soon be scrapped as leverage for Australian exports to gain a better foothold in Europe, meaning cars could get more affordable.The Luxury Car Tax (LCT) could be axed under returning Prime Minster Anthony Albanese as he looks to strengthen Australia’s ties with Europe amid global tariff turmoil.LCT applies to vehicles that have a dutiable value of $80,567 or more, or $91,387 for fuel-efficient (deemed as those with claimed fuel use of less than 7.0 li