On Sun, 12 Oct 2003 00:06:53 -0700, "Steve" wrote
something
.......and in reply I say!:

snip

Scary stuff about the tax on your own labour. We have a GST in Oz, and
AFAIK, that one (taxing a homebuilt as a bought commodity) has not
come in yet.

So any hobby that results in something that has to be registered is a
gonner!

Obviously, since they let you lower the value as it was unfinished,
and you will (presumably) only pay tax on the _materials_ you now
purchase, any boat built should be registred as soon as it's
seaworthy, nor when it's halfway comfortable.

I would think it would be fairer if you paid as you _sold_ the
product. To say you have "bought" your own labour when you build seems
a real beaut to me.

(I argued that the sales tax would be paid on
any subsequent material/equipment.)

What makes this strange is that I paid tax on my labor and I paid tax at a
rate of 9.5% (the current rate) rather than 8.5% that was in effect the
previous years. (Even though I had paid sales tax on the material, they
charge me 9.5% on the overall declared value of the boat and subtacted the
total sales tax paid previously at 8.5%.)

Had I not provided all of those reciepts, I would have paid a much more
using their methods (major equip, etc.).

snip
I won't say what I paid in sales tax, but it would have paid for a new main.

************************************************** ****************************************
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The rest sit around and make snide comments.

Nick White --- HEAD:Hertz Music
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