straight up......do aussie gold buyers get 10% back from the tax man

Discussion in 'Gold' started by 2nd_Hand_Gold_Man, Jun 2, 2016.

  1. 2nd_Hand_Gold_Man

    2nd_Hand_Gold_Man Member

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    do the gold buyers/2ND HAND dealers in Australia get a 10% tax input credit when buying scrap gold ??????
    5% admin fees PLUS 10% from the taxman seems a good MARK UP if your a registered gold buyer,
    and for those buyers who pay 75% of spot and lower (like gold kiosks) thay must be rolling in it
    (time to get myself an ABN AND A 2ND HAND DEALERs LICENCE I THINK ) :cool::cool::cool:
     
    2nd_Hand_Gold_Man, Jun 2, 2016
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  2. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    You missed the boat ;)
     
    spannermonkey, Jun 2, 2016
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