Taxation 20c Coin As Issued

robbiegal · May 15, 2015, 05:10:45 PM

speaking of TAX
has anyone received the Ebay notification about the TAX man wanting account sales totals etc?

trout · May 15, 2015, 05:22:00 PM

Quote from: 'robbiegal' pid='72425' dateline='1431675645'speaking of TAX
has anyone received the Ebay notification about the TAX man wanting account sales totals etc?

yes

purplepennyhunter · May 15, 2015, 05:31:37 PM

Quote from: 'Goldseeker' pid='72423' dateline='1431675200'The third one PPH, is that of the Lapel Pin?

Yes

Quote from: 'purplepennyhunter' pid='72411' dateline='1431671201'
Quote from: 'serial' pid='72396' dateline='1431658100'Hhmm thanks purple. So any ideas on numbers issued?
I will have to start hunting for them

Just a quick glance at the annual report 2011
20 cent ato 2010 803494 29,500 unlimited
That could be it, will have to look around further to confirm.

The only other issue from memory was the PNC which has a different number and a mintage of 15,000 (2010 report) which sounds about right.

These numbers in addition to the circulation 11,575,000

Checked the product codes, that's not the code for the rolled coin.

robbiegal · May 15, 2015, 05:43:12 PM

Quote from: 'trout' pid='72427' dateline='1431676320'
Quote from: 'robbiegal' pid='72425' dateline='1431675645'speaking of TAX
has anyone received the Ebay notification about the TAX man wanting account sales totals etc?

yes

ta

JeffH · May 15, 2015, 05:49:40 PM

Yes, eBay has sent my sales details to the ATO. They have done so for several years but, never any query from the taxman.

ausjack · May 15, 2015, 05:54:12 PM

This is where you have to be careful that your hobby doesn't get turn into a business and taxed accordingly. It's these things that put me right off at times as I'd like to try but there's just so much involved and to keep a very close eye on or you can end up in all sorts of trouble. It's not as easy as just saying I'm gonna be a coin dealer and especially with other things like lost post

trout · May 15, 2015, 05:59:56 PM

Quote from: 'ausjack' pid='72435' dateline='1431678252'This is where you have to be careful that your hobby doesn't get turn into a business and taxed accordingly. It's these things that put me right off at times as I'd like to try but there's just so much involved and to keep a very close eye on or you can end up in all sorts of trouble. It's not as easy as just saying I'm gonna be a coin dealer and especially with other things like lost post

Easy for me AJ, im crap at coin dealing and always run at a loss anyway :laugh2:

ausjack · May 15, 2015, 06:08:37 PM

:laugh2: your a shocker

robbiegal · May 15, 2015, 06:39:53 PM

oh
i'm not up to speed with how it works

gawd if I had to get the book sin order ....... ain't gonna happen as it is a bit of a mess!

Fulvio · May 15, 2015, 10:02:39 PM

Quote from: 'JeffH' pid='72432' dateline='1431677980'Yes, eBay has sent my sales details to the ATO.

Time to switch to cryptos.

runway · May 15, 2015, 10:24:32 PM

Quote from: 'purplepennyhunter' pid='72380' dateline='1431648237'This one:

link

That's great Kathryn and a nice collectable item in it's own way
:wavemulticolor:

robbiegal · May 16, 2015, 01:18:21 PM

are you a real person runway?
most often your responses appear just like those computer generated ones that you get from the help lines

do you work for IBM by any chance?

runway · May 17, 2015, 12:53:04 AM

Quote from: 'purplepennyhunter' pid='72389' dateline='1431654352'The pictured items were gifted to every staff member of the ATO in 2010 for the 100 years. The coin is no different, it's the packaging. Maybe it should be in Macca's.

Certainly collectable presentation

robbiegal · May 17, 2015, 09:20:27 AM

ha ha runway - ..... no nibble!!!
I become more and more convinced of my hypothesis as your replies go on!!!!

runway · May 18, 2015, 11:03:14 PM

Quote from: 'purplepennyhunter' pid='72428' dateline='1431676897'
Quote from: 'Goldseeker' pid='72423' dateline='1431675200'The third one PPH, is that of the Lapel Pin?

Yes

Quote from: 'purplepennyhunter' pid='72411' dateline='1431671201'
Quote from: 'serial' pid='72396' dateline='1431658100'Hhmm thanks purple. So any ideas on numbers issued?
I will have to start hunting for them

Just a quick glance at the annual report 2011
20 cent ato 2010 803494 29,500 unlimited
That could be it, will have to look around further to confirm.

The only other issue from memory was the PNC which has a different number and a mintage of 15,000 (2010 report) which sounds about right.

These numbers in addition to the circulation 11,575,000

Checked the product codes, that's not the code for the rolled coin.

11.575 million circulated coins wow that's a lot.Lovely design :wavemulticolor: