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spare 30 K ?



 
 
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  #11  
Old August 11th 03, 10:13 PM
Luther Blissett
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Default spare 30 K ?

rickster wrote:
If you've got a spare $ 30,000, you can pick up Stuart O'Gradys 1997
Tdf bike, from Trak cycles in Southland. It's a Merckx, running an 8
speeds Sachs group set on what looks like very early Csomic Carbones.
It is definately used.

It has great novelty value, but 30,000 ?


Assuming SO'G got the bike as part of his job, would he have to pay
nearly $15k capital gains tax or FBT on a $30k sale?

--
--
Cheers
LB

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  #12  
Old August 11th 03, 10:13 PM
Luther Blissett
external usenet poster
 
Posts: n/a
Default spare 30 K ?

rickster wrote:
If you've got a spare $ 30,000, you can pick up Stuart O'Gradys 1997
Tdf bike, from Trak cycles in Southland. It's a Merckx, running an 8
speeds Sachs group set on what looks like very early Csomic Carbones.
It is definately used.

It has great novelty value, but 30,000 ?


Assuming SO'G got the bike as part of his job, would he have to pay
nearly $15k capital gains tax or FBT on a $30k sale?

--
--
Cheers
LB

  #13  
Old August 16th 03, 11:47 AM
Tim Jones
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Default spare 30 K ?


"Andrew Morris" wrote in message
...
Maybe the 30k is on it, so that no-one WILL buy it... might scare the

hell
out of them if someone DID offer 30k!!!


Yeah, probably there in the store for curio value. Has the $30K sticker on
it in case it gets stolen...


  #14  
Old August 16th 03, 11:47 AM
Tim Jones
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Posts: n/a
Default spare 30 K ?


"Andrew Morris" wrote in message
...
Maybe the 30k is on it, so that no-one WILL buy it... might scare the

hell
out of them if someone DID offer 30k!!!


Yeah, probably there in the store for curio value. Has the $30K sticker on
it in case it gets stolen...


 




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