Thread: So that's where all the old colectible cars were

Originally Posted by gromit

Not sure that I missed the point.....if they had what I wanted at what I thought was a fair price I would still buy from them rather than 'avoiding them'.


Colin

Fair enough, the rest of us tax payers will cover their avoidance so the government has money for services.

Originally Posted by Roverlord off road spares

Fair enough, the rest of us tax payers will cover their avoidance so the government has money for services.

If it's genuinely a hobby, taxes aren't due.

I can't remember ever voting YES to a GST So if I can find something for Cash at a better price I will always buy it.

Originally Posted by Roverlord off road spares

Fair enough, the rest of us tax payers will cover their avoidance so the government has money for services.

I would be happy if the said Govt. actually spent said money for services. When they stop borrowing from overseas so they can send money overseas you may have a point.

Originally Posted by V8Ian

If it's genuinely a hobby, taxes aren't due.

From the ATO
How do I know if it's a business or a hobby?

It's important to understand the differences between a hobby and a business for tax, insurance and legal purposes.
Key questions to consider:

• Is the activity being undertaken for commercial reasons?
• Is your main intention, purpose or prospect to make a profit?
• Do you regularly and repeatedly undertake your activity?
• Is your activity planned, organised and carried out in a businesslike manner?

If you have a lot of vehicles, and advertise that you are selling the parts and are making a profit not giving them away at your cost then I think you would be deemed not a hobbie.
The guy in post selling stuff from stolen cars would not be doing it for a hobbie.

Originally Posted by Roverlord off road spares

Fair enough, the rest of us tax payers will cover their avoidance so the government has money for services.

?? politicians wages, government wastage etc . etc. If the Government spent the money wisely I might tend to agree with your comment.


Colin