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Treasure Hunting
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The "other" reasons we do this hobby
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<blockquote data-quote="Goldtarget" data-source="post: 221916" data-attributes="member: 2152"><p>There are limits,up to $62 (?) Transaction no details required, $325 per transaction (?) at one time per non abn holder, no collusion to break up transactions and I'm sure under $1000 pa no tax to be payed or declared. Should be a simple statement by supplier form to fill out and they could issue an rcti on the spot fulfilling yours and there obligations. You can even go over the $300 limit if you fill out all the parts of the declaration and give reasons. </p><p></p><p>Sounds strange to me, you reckon a yard would want every dollar it could. I can't count how many blokes went from private to abn holders and who ended up bringing in tonnes of stuff once they got a taste for the cash. The tax rules are with the private supply bloke so he can cash his tinnies in for the year without it being painful, but stop anyone selling larger amounts avoiding tax. It's been a while so im a bit foggy on exact details but there really shouldn't be an issue, if there is it's the yard being unhelpful.</p></blockquote><p></p>
[QUOTE="Goldtarget, post: 221916, member: 2152"] There are limits,up to $62 (?) Transaction no details required, $325 per transaction (?) at one time per non abn holder, no collusion to break up transactions and I'm sure under $1000 pa no tax to be payed or declared. Should be a simple statement by supplier form to fill out and they could issue an rcti on the spot fulfilling yours and there obligations. You can even go over the $300 limit if you fill out all the parts of the declaration and give reasons. Sounds strange to me, you reckon a yard would want every dollar it could. I can't count how many blokes went from private to abn holders and who ended up bringing in tonnes of stuff once they got a taste for the cash. The tax rules are with the private supply bloke so he can cash his tinnies in for the year without it being painful, but stop anyone selling larger amounts avoiding tax. It's been a while so im a bit foggy on exact details but there really shouldn't be an issue, if there is it's the yard being unhelpful. [/QUOTE]
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Treasure Hunting
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The "other" reasons we do this hobby
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