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
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