At 04:15 PM 7/11/2004 -0800, you wrote:
>Andrew McPhee wrote:
>
> >Hmmm, that reminds me Mr Fildes. I used to work for the Australian
> >Taxation Office - and I still have my contacts (including my wife who still
> >works there).
> >
> >You 'were' going to declare the income, now weren't you..?
> >
>It's only taxable income to the extent that the sale price less expenses
>exceeds the net purchase price. Probably not much to declare for most of
>us on our internet sales. Although I have some items that have gone up
>in value or were fangs to begin with, I suspect liquidation of the stuff
>I've bought on the web would result in a net loss.
>
>Moose
I was just trying to get a bite. My dim memory of this subject concurs
with what Moose says.
Andrew McPhee
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