I would have thought you'd have come up with better reasoning and arguments than that! They are out there trust me! Yawn, any other rants trying to incite others and create pointless arguments? The guy was asking a legit question and you bring up the ramblings of someone who should go to their specialist and have their lithium dosage adjusted! Thanks for your insightful input!
Actually, in a legal sense, Roman Control is correct. The problem is that once you take on the system, they have the resources and manpower to wear you down. It would take a brave person to consider it. Just for the record, I personally know of some that refuse to pay tax and have won against the ATO multiple times. The rationale that is used, is that from a legal perspective, tax is voluntary. This has been posted several times previously, if any are interested, do a search.
I thought it might be useful to know , if just as a comfort if you're being shafted. It isnt just theoretical. I wrote as much to the ato and when i received my census, and haven't heard back from either since.
If I wanted to sell there and wanted to declare the transaction, I'd write up a bill of sale from person X for way more than I actually bought for. You bought in May wink wink, not Feb
Mm.... very interesting discussion here... but my understanding is: 1 oz silver bullion coin, is a legal tender of Australia, it represent AUD$1. A person who own this coin, could use it to buy 1 litre of milk in Coles supermarket, or add couple more to get a cup of coffee. This coin is legally accepted and represent AUD$1, just that no one is so stupid to do so. Therefore, if you own silver bullion coins, which are so called legal tender of Australia, you shall not be liable for capital gain if you have made some $$ after selling that, coz legally, you are just spending your $1. However, for bars, ingots, or coins that DO NOT have a legal tender status, the government could have other arguments over it. *** Just my personal opinion, I am not a lawyer, neither an expert. ***
